Stocks, rupee slide as oil spike fuels pressure
The Sensex fell 443 points (0.6%) to 77,709 and the Nifty declined 96 points (0.4%) to 24,239 on July 21, 2026.
Banking stocks led declines: Axis Bank dropped 5.5%, HDFC Bank fell 5.1%, and Kotak Mahindra Bank declined 2% after mixed earnings.
The rupee weakened to 96.45 against the dollar from 96.28, pressured by rising oil prices and geopolitical tensions.
Brent crude briefly crossed $91 per barrel, a one-month high, due to US-Iran tensions raising fears of Strait of Hormuz disruption.
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Times of India
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India's largest newspaper group by circulation.
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