India Stocks: Indian shares subdued on higher crude, Treasury yields

Prism Johnson

19/08/2026 05:18

Updates for morning trade
By Bharath Rajeswaran and Vivek Kumar M
Aug 19 (Reuters) - Indian shares fell on Wednesday, with high crude oil prices and rising global bond yields weighing on appetite for risk assets globally.
The Nifty 50 .NSEI slid 0.35% to 24,070.65 and the BSE Sensex .BSESN lost 0.32% to 76,991.33, as of 9:45 a.m. IST. 
The 50-stock index had dropped in the last six sessions, losing 1.7%.
Thirteen of the 16 major sectors logged losses. The broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 dipped 0.5% each.
U.S. President Donald Trump said on Tuesday no talks were taking place with Iran and insisted the Strait of Hormuz was open, contradicting Iran's assertion that the critical waterway remained shut to shipping.
Receding prospects of a deal to end the nearly six-month-old conflict in the Middle East drove Brent crude futures LCOc1 higher to $92 per barrel.
Long-term borrowing costs from the United States to Germany and Japan are also dimming the appeal of emerging-market equities, as higher risk-free returns draw capital toward developed-market bonds and curb appetite for riskier assets.
"Despite a resilient earnings season, markets have stayed muted, reflecting the view that there is no quick fix for India's energy dependence. A renewed spike in crude could sharply intensify stress on the economy and markets," said Gaurav Kulshreshtha, chief investment officer at Nexedge Capital.        
High weightage financials .NIFTYFIN lost 0.5%. IT index .NIFTYIT rose 0.8% after dropping 4% in the last three sessions.
Bucking the broader trend, Prism Johnson PRIS.NS gained 8.7% after the building materials company secured 10-year coal-supply contracts worth 704.9 million rupees annually from Eastern Coalfields and South Eastern Coalfields.
Indraprastha Gas IGAS.NS, Mahanagar Gas MGAS.NS gained 3.1% and 3.8% on the government's incentives to city gas distributors to boost domestic connections of piped cooking gas.
Temasek-backed e-commerce logistics services firm Shiprocket SIPO.NS jumped 35% in debut trade, after robust response to its $170 million initial public offering last week.

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