Summary
The Sensex fell 364 points to 76,391.39, while the Nifty 50 declined 127 points to 23,869.60 as rising crude oil prices and escalating tensions between the United States and Iran kept investors cautious.
Infosys, Petronet LNG and Vishal Mega Mart came under selling pressure due to weaker guidance, possible gas supply disruptions and concerns over future consumer demand, respectively.
With Brent crude rising above $96 per barrel, investors are likely to closely track geopolitical developments, energy prices and upcoming corporate results for further market direction.
The Sensex fell 364 points, or 0.47 per cent, to close at 76,391.39, while the Nifty50 dropped 127 points, or 0.53 per cent, to end at 23,869.60.
The fall indicates that investors remained cautious about the broader economic impact of rising energy prices. India imports a large portion of the crude oil it consumes, which means a sustained rise in prices can increase the country’s import bill, push inflation higher and affect corporate profitability.
Geopolitical uncertainty also encouraged investors to reduce exposure to riskier assets. Fresh attacks on commercial vessels in the Red Sea and additional strikes on Iranian military targets raised concerns that energy supplies and global trade routes could face further disruption.
Impact On The Stock Market
Sector-wise, the pain was clearly visible in oil-sensitive and rate-sensitive pockets. The Nifty Realty, Nifty Chemical and Nifty Oil and Gas indices declined the most on Thursday. Property stocks tend to suffer when inflation worries build (because interest rates could stay higher for longer), while chemical makers watch crude closely since it is a key raw material for many of them.
On the brighter side, the Nifty Media and Nifty Auto indices outperformed the broader market. Auto stocks holding up on a day when oil jumped over 2 per cent is a small surprise and a hint that investors are still betting on steady consumer demand even as the macro picture gets messier.
| Sector/Index | Performance |
| IT & BPM sector | -0.06% |
| Healthcare sector | -0.34% |
| Oil & Gas sector | -1.02% |
| Real estate sector | -1.81% |
| PSU Bank in India | -1.00% |
Top gainers today
| Company | Share Price (in ₹) | Change % |
| Bajaj Auto | 11,283.50 | 2.59 |
| SBI Life Insurance | 1,853.50 | 2.59 |
| M&M | 3,229.70 | 1.71 |
| TCS | 2,242.90 | 1.57 |
| Eicher Motors | 7,721.50 | 1.17 |
Top losers today
| Company | Share Price (in ₹) | Change % |
| Adani Enterprise | 3,010.00 | -4.37 |
| Shriram Finance | 1,025.80 | -3.12 |
| Nestle | 1,447.90 | -3.12 |
| Adani Ports | 1,778.50 | -2.25 |
| Bajaj Finance | 1,039.80 | -1.93 |
Market aftermath: Impact on stocks
Infosys ADR falls nearly 5% after weaker profit and guidance cut
Infosys’ American Depository Receipt fell nearly 5% in pre-market trading after the company announced its June-quarter results. The information technology major reduced the upper end of its financial year 2027 revenue growth guidance from 3.5% to 3%. Its net profit declined 9% quarter-on-quarter to ₹7,769 crore, although it increased 12% compared with the same quarter last year. Revenue from operations rose 14% year-on-year to ₹48,211 crore. Investors appeared concerned about the weaker profit performance and the reduced growth outlook.
Petronet LNG slips 4% on Qatar supply disruption concerns
Petronet LNG shares declined nearly 4% following reports that QatarEnergy may extend force majeure on liquefied natural gas shipments until mid-October. The stock was trading around 3.8% lower at ₹269 per share during the session. Qatar accounts for nearly 20% of global LNG exports, with its shipments passing through the Strait of Hormuz. Any prolonged disruption could tighten global gas supplies and increase procurement costs. The development is important for Petronet LNG because Qatar-linked supplies form a significant portion of India’s LNG imports.
Vishal Mega Mart declines despite strong Q1 profit and revenue growth
Vishal Mega Mart shares fell around 4% despite reporting strong growth in profit and revenue. Its consolidated net profit increased 26% year-on-year to ₹259 crore, while revenue rose 18.7% to ₹3,727 crore. The retailer also recorded 10% same-store sales growth and expanded its network to 819 stores across 559 cities. However, management said elevated inflation affected the demand environment during the quarter. The stock’s decline suggests that investors were more focused on future consumption demand than the strong headline numbers.
Crude oil: Red Sea attacks push Brent past $96
Crude oil prices moved higher after attacks on oil tankers in the Red Sea raised concerns over supply disruptions. Brent crude futures rose 2.20% to $96.14 per barrel, while West Texas Intermediate crude increased 1.75% to $88.35 per barrel. On the Multi Commodity Exchange, August crude oil futures climbed 1.81% to ₹8,562. Higher oil prices can increase India’s import bill, put pressure on the rupee and raise costs for sectors such as aviation, logistics, chemicals and consumer goods. Investors may therefore continue to track developments in West Asia closely.
Conclusion
The Indian stock market remained under pressure as rising crude oil prices, geopolitical tensions and company-specific updates weighed on investor sentiment. The Sensex and Nifty extended their losses for the fourth consecutive session, while several mid-cap and large-cap stocks also witnessed selling. In the near term, crude oil movements and developments between the United States and Iran are likely to influence market direction. Investors should also monitor quarterly results and management guidance before making decisions. A long-term view may help avoid reacting too strongly to short-term market volatility.
