The BSE Sensex fell 999.79 points, or 1.29%, settling at 76,664.21, while the Nifty 50 dropped 1.14% to 23,897.95. This marks a weekly loss for both indexes, driven by rising oil prices linked to escalating tensions in the Middle East and disappointing revenue forecasts from major IT firms. The IT sector has been particularly hard hit, with Infosys and HCLTech seeing substantial declines in their stock prices due to concerns over macroeconomic factors and client spending.
BUSINESSPublished 22 Apr 2026 • Published 1 day ago • Updated 8h ago
Indian Stock Market Declines Amid Rising Oil Prices and IT Losses
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Brent Crude prices have surged to around $107 per barrel, exacerbating market declines as Indian shares fell sharply, with the BSE Sensex dropping nearly 1,000 points. Weak forecasts from IT giants Infosys and HCLTech have further dampened investor sentiment, leading to significant selling pressure.
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