Sensex drops over 200 points, Nifty tests 23,600 as Strait of Hormuz t

Sensex drops over 200 points, Nifty tests 23,600 as Strait of Hormuz tensions rattle oil markets

Aug 7, 2026 at 04:10 UTC Source: economictimes.indiatimes.com Market Intelligence

Indian stock markets opened lower on Friday as oil prices increased. Concerns over Iran potentially closing the Strait of Hormuz impacted investor sentiment. Bajaj Finance and Bajaj Finserv shares led the declines on the Sensex.

IT stocks like TCS and Tech Mahindra bucked the trend with gains. Analysts suggest market consolidation is likely before an eventual upside breakout.

Mentioned Markets & Assets

Entity scan

BHARTIARTL.NS

equity

Bharti Airtel Limited

ICICIBANK.NS

equity

ICICI Bank Limited

BAJFINANCE.NS

equity

Bajaj Finance Limited

TECHM.NS

equity

Tech Mahindra Limited

^CRSMID

index

NIFTY Midcap 100

^CNXSC

index

NIFTY Smallcap 100

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MarketAux provides summaries and entity context. Full reporting remains with economictimes.indiatimes.com.

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Sensex drops over 200 points, Nifty tests 23,600 as Strait of Hormuz tensions rattle oil markets

Mentioned Markets & Assets

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