Indian Markets Trade Lower as Global Cues and Crude Prices Weigh on Sentiment

As of the intraday session on August 11, 2026, the NIFTY 50 is trading at ₹24,480.35, down 103.45 points (-0.42%). The BSE SENSEX is trading at 78,186.07, down 356.37 points (-0.45%). While the NIFTY IT index gained 0.17% (+54.95 points), the NIFTY BANK and NIFTY FINANCIAL SERVICES indices fell 0.73% and 0.58% respectively. The NIFTY MIDCAP 100 also declined by 0.14% (-88.10 points), while the India VIX eased 0.42% to 12.19.

The market downturn follows a weak close in US markets on August 10, 2026, and mixed performance across Asian indices. Brent crude prices near $87-$88 per barrel, driven by uncertainty regarding the Strait of Hormuz, continue to pressure import-dependent sectors. Investors are awaiting US CPI data due August 12 to gauge the Federal Reserve's interest rate trajectory.

FIIs were net buyers of ₹1,974.76 crore on August 10, while DIIs were net sellers of ₹1,290.29 crore. Sectoral performance remains divergent; beyond IT, gains were noted in Nifty Private Bank (+0.5%), Nifty Consumer Durables (+0.4%), Nifty Financial Services (+0.3%), and Nifty Metal (+0.3%). Conversely, Nifty PSU Bank (-1.7%), Nifty Health (-0.4%), Nifty Oil & Gas (-0.4%), and Nifty Pharma (-0.2%) led the declines.