Nifty-Sensex Crashed: Know How Asian Markets And Crude Oil Prices Are Impacting Indian Stock Exchange

The Indian stock exchange has seen a decline on Monday; both NSE and BSE are slipping down as the West Asia crisis takes a new turn and Asian markets are also impacting the stock prices

Post Published By: Syed Ziyauddin

Updated : 20 July 2026, 12:47 PM IST

Stock market crashed

New Delhi: India's stock market benchmark drops on Monday, with the NSE Nifty 50 falling below 24,200 and the BSE Sensex slipping more than 700 points. The key factor behind the fall of the share market is the fresh tension in the West Asia region. The conflict has disrupted the entire Asian markets, and a sharp drop in HDFC Bank and Axis Bank shares after their June-quarter earnings weighed on the indices.

The Nifty 50 fell as much as 0.8 per cent to 24,149.90, whereas the Sensex declined as much as 707 points, or 0.9 per cent, to 77,444.79

How are crude oil and the Asian Market impacting the Indian Stock Exchange?

The key factors behind the sharp decline of the Indian stock market are as follows

Oil Prices and West Asia Crisis

The price of crude oil is rising high as the Iran – US Israel conflict is getting intensified day by day, rather than the MoU signed between the US and Iran. The price of Brent crude rose around 4 per cent to above $91 per barrel. Crude prices are at their highest since mid-June, after military exchanges widened beyond conventional targets.

Also Read: SIP vs Lump Sum: Know What Works Better in Today’s Fluctuating Markets?

Asian markets under stress

Indian stock market also tracked weakness across Asia. Japan's stock exchange dropped 4.03 per cent while South Korea’s stock market also slipped by 3.96 per cent. The Nifty 50 is down by 0.48 per cent.

However, Hong Kong, China, and Australia’s markets observed a rise of 2.02 per cent, 0.89 per cent, and 0.16 per cent, respectively.