Economy
Sensex Drops 250 Points as Crude Oil Prices Surge Past $91
Moneycontrol1h
THE BRIEF
1
The Indian stock market opened lower on August 19, 2026, with the Sensex falling 250 points and the Nifty hovering near 24,050 as global crude oil prices climbed above $91 per barrel.
2
The market decline is largely attributed to investor anxiety over the ongoing US-Iran deadlock, which has disrupted supply chains and increased inflationary pressures on the Indian Rupee.
3
Analysts expect continued volatility in energy-linked stocks throughout the week, advising investors to monitor the geopolitical situation in the Strait of Hormuz for further market signals.