India Stocks: Indian shares fall as crude tops $100; Infosys, IndiGo drop on subdued Q2 results

Infosys

24/07/2026 04:51

Updates for markets open
July 24 (Reuters) - Indian shares opened lower on Friday, pressured by the rise in Brent crude to above $100 per barrel as the Middle East crisis escalates, while a slide in IT company Infosys and airline operator IndiGo on weaker-than-expected earnings further hurt sentiment.
The benchmark Nifty 50 .NSEI fell 0.85% to 23,666.35, while the BSE Sensex .BSESN shed 0.89% to 75,708.19 by 9:15 a.m. IST, both on course for fifth straight session of losses.   
U.S. President Donald Trump promised a "major military punishment" for Iran and its Houthi allies on Thursday after the Yemeni fighters struck two Saudi oil tankers in the Red Sea, extending the Middle East war to a second major shipping chokepoint. 
Higher oil prices pose a key risk for India, the world's third-largest crude importer and consumer, by stoking inflation, widening the trade gap, and squeezing growth and corporate margins.
All 16 major sectors logged losses. The broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 fell 0.6% each.
Infosys INFY.NS lost about 2% and Interglobe Aviation INGL.NS fell about 1.5% after subdued June quarter results.

 (Reporting by Vivek Kumar M and Bharath Rajeswaran; Editing by Mrigank Dhaniwala and Nivedita Bhattacharjee)
 ((VivekKumar.M@thomsonreuters.com))