Indian Equity Market Slumps as Crude Oil Prices Surge Past $90
The Indian equity market opened on August 14, 2026, on a lower note due to rising crude oil prices hovering around $90 per barrel. The Nifty 50 opened 50 points or 0.20% lower at 24,346, while the BSE Sensex dropped 251 points or 0.32% to open at 77,828.65.
Tata Motors PV fell sharply by 4.3%, followed by Max Healthcare, Hindalco Industries, Tata Steel, Asian Paints, and many others.
According to VK Vijayakumar, Chief Investment Strategist at Geojit Investments, 'Now Brent crude has cooled off to below $87, which is a mild positive for the market. Even though FPI selling has tapered out and they had been buyers recently, a clear trend in FII activity is yet to emerge. Major activity is now centred around the mid and small-cap space. This trend is likely to continue.'