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<div>The Indian equity market opened in the red on Thursday amid renewed hostilities between Iran and the United States, with the RBI expected to introduce fresh measures to support the falling rupee.</div>
<div><br>At 10:30 am IST, the 30-share BSE Sensex had dropped 270 points, while the Nifty declined 66 points due to rising crude oil prices and weak investor sentiment.</div>
<div><br>The markets opened lower with the Sensex falling 268 points to 76,486.01. The NSE Nifty 50 traded lower by 66.10 points, or 0.28 per cent, at 23,930.15 as of 9:28 am, failing to hold above the psychologically important 24,000 mark for the second consecutive session.</div>
<div><br>Among the top gainers were Tata Consumer Products, Bajaj Auto and ONGC, which rose between 0.57 per cent and 0.94 per cent in early trade.</div>
<div><br>Top losers included Dr Reddy&rsquo;s Laboratories, which fell over 4.5 per cent after a Q1 profit miss, followed by Cipla and Tata Steel.</div>
<div><br>Traders said the markets opened on a soft note as caution prevailed over rising crude oil prices.</div>
<div><br>The international benchmark Brent crude rose towards $96 per barrel on Thursday &mdash; its highest level in over six weeks &mdash; after the US launched fresh strikes on Iran.</div>
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<div><strong>Also read: <span style="color: #e03e2d;"><a style="color: #e03e2d;" title="Rupee jumps 5 paise to 96.48 against US dollar" href="https://newsarenaindia.com/economy/rupee-jumps-5-paise-to-96-48-against-us-dollar/83016">Rupee jumps 5 paise to 96.48 against US dollar</a></span></strong></div>

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sensex-drops-270-pts-nifty-declines-66-pts-in-early-trade

Sensex drops 270 pts, Nifty declines 66 pts in early trade

News Arena Network - Mumbai - UPDATED: July 23, 2026, 01:04 PM - 2 min read

Sensex falls 270 points and Nifty slips below 24,000 as rising crude prices and renewed US-Iran tensions weigh on investor sentiment.

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