Indian Stocks Fall to 1-Month Low

2026-07-24 11:13 By Andre Joaquim 1 min. read

Indian stocks closed sharply lower for a third session on Friday amid further pressure from tech companies, while the deteriorating macroeconomic backdrop drove foreign funds to limit exposure to Indian assets.

The S&P/BSE Sensex dropped 0.4% to 76,060 and the NSE Nifty 50 dropped 0.4% to 23,770, both at their lowest in over one month.

Crude oil prices rose sharply for another session following yesterday's Mumbai close as escalating strikes between the US and Iran further tightened energy supply from the Middle East, both in the Red Sea and Persian Gulf.

The higher energy costs lift petrol imports for India and pressure the rupee, reducing demand for Indian stocks in foreign markets.

HDFC Bank and Axis Bank lost 9.4% and 7.6% on the week, respectively, after posting their June-quarte results.

Meanwhile, tech stocks inched up following their sharp losses this week.



News Stream
Indian Stocks Fall to 1-Month Low
Indian stocks closed sharply lower for a third session on Friday amid further pressure from tech companies, while the deteriorating macroeconomic backdrop drove foreign funds to limit exposure to Indian assets. The S&P/BSE Sensex dropped 0.4% to 76,060 and the NSE Nifty 50 dropped 0.4% to 23,770, both at their lowest in over one month. Crude oil prices rose sharply for another session following yesterday's Mumbai close as escalating strikes between the US and Iran further tightened energy supply from the Middle East, both in the Red Sea and Persian Gulf. The higher energy costs lift petrol imports for India and pressure the rupee, reducing demand for Indian stocks in foreign markets. HDFC Bank and Axis Bank lost 9.4% and 7.6% on the week, respectively, after posting their June-quarte results. Meanwhile, tech stocks inched up following their sharp losses this week.
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