Benchmark indices Sensex and Nifty tumbled in early trade on Monday (May 18, 2026) amid surging oil prices, weak global market trends after fresh escalation in tensions in West Asia.

A drone attack targeted the Barakah nuclear facility in the United Arab Emirates (UAE) on Sunday (May 17, 2026), marking a dangerous escalation in the West Asia conflict.

The 30-share BSE Sensex tanked 833.20 points to 74,404.79 in early trade. The 50-share NSE Nifty dropped 234 points to 23,401.70.

From the 30-Sensex firms, Tata Steel, Power Grid, Maruti, Trent, Titan and HDFC Bank were the biggest laggards.

Infosys, Tech Mahindra, Bharti Airtel and Tata Consultancy Services were the winners.

Brent crude, the global oil benchmark, traded 1.79% higher at $111.2 per barrel.

“Brent crude has spiked to USD 111 on absence of initiatives to open the Strait of Hormuz,” V.K. Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.

In Asian markets, Japan’s benchmark Nikkei 225 index, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng index quoted lower, while South Korea’s benchmark Kospi traded in positive territory.

U.S. markets ended over 1% lower on Friday (May 15, 2026).

“Global risk appetite weakened sharply after fresh escalation fears emerged in the Middle East. US President Donald Trump’s warning urging Iran to ‘get moving, FAST’ has once again revived concerns around a possible disruption in global crude oil supply routes, particularly around the Strait of Hormuz,” Hariprasad K, Research Analyst and Founder, Livelong Wealth, said.

For Indian markets, the biggest concern continues to remain elevated crude oil prices and currency pressure, he added.

Foreign Institutional Investors (FIIs) bought equities worth ₹1,329.17 crore on Friday, according to exchange data.

“U.S. President Donald Trump issued a fresh warning stating that the ‘clock is ticking for Iran’, signaling growing impatience over the pace of negotiations and increasing uncertainty surrounding the ongoing US–Iran situation and the Strait of Hormuz. This continues to remain a key overhang for global financial markets,” Ponmudi R, CEO of Enrich Money, an online trading and wealth-tech firm, said.

On Friday (May 15, 2026), the Sensex dropped 160.73 points, or 0.21%, to settle at 75,237.99. The Nifty settled lower by 46.10 points, or 0.19%, at 23,643.50, snapping its two-day gaining streak.

Benchmark indices Sensex and Nifty tumbled in early trade on Friday (April 24, 2026) as surging oil prices and unabated foreign fund outflows unnerved investors.

Weakness in IT stocks and a negative trend in global markets also weighed on investor sentiment.

The 30-share BSE Sensex dropped 330 points to 77,334 in early trade. The 50-share NSE Nifty declined 93.3 points to 24,079.75.

Later, the BSE benchmark quoted 772.35 points lower at 76,876.79, and the Nifty tanked 205.45 points to 23,967.60.

From the 30-Sensex firms, HCL Tech, Infosys, Tata Consultancy Services, Sun Pharma, Tech Mahindra and Bharti Airtel were among the major laggards.

UltraTech Cement, Mahindra & Mahindra, State Bank of India and Hindustan Unilever were among the winners.

Brent crude, the global oil benchmark, traded 0.89% higher at $106 per barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹3,254.71 crore on Thursday (April 23, 2026), according to exchange data.

“The broader sentiment remains fragile, shaped largely by persistent geopolitical uncertainty. Developments in West Asia continue to influence market psychology. Although the ceasefire between Israel and Lebanon has been extended by three weeks following diplomatic engagement led by Donald Trump, the extension is being viewed as a temporary relief rather than a structural resolution,” Hariprasad K, Research Analyst and Founder, Livelong Wealth, said.

The underlying tensions, particularly around Iran, continue to keep risk appetite in check, he added.

In Asian markets, South Korea’s benchmark Kospi, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng index were trading lower, while Japan’s Nikkei 225 index quoted higher.

U.S. markets ended lower on Thursday (April 23, 2026).

“Crude oil prices remain elevated above the $100 per barrel mark, driven by supply disruptions and rising tensions around the Strait of Hormuz, adding to macroeconomic concerns,” Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said.

On Thursday (April 23, 2026), the Sensex tumbled 852.49 points or 1.09% to settle at 77,664. The Nifty dropped 205.05 points or 0.84% to end at 24,173.05.