# Sensex sinks 388 points, Nifty below 24,500 as crude surges

2026-08-11T02:05:02+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 2 independent outlets

Indian stock markets fell sharply on August 11, with Sensex dropping 388 points (0.49%) to 78,154.25 and Nifty sliding 112 points (0.46%) to 24,471.70. Early trade on August 12 saw further weakness, with Sensex dipping 36 points to 78,097 and Nifty 31 points lower to 24,444, as rising crude weighed on sentiment. Brent crude jumped 2.18% to $89.63 a barrel on Tuesday, hitting $90 early Wednesday, driven by US-Iran tensions over the Strait of Hormuz. Analysts say market gains are capped by the oil spike and uncertainty over negotiations. Foreign institutional investors bought ₹1,974 crore on Monday, offering some cushion. Realty, FMCG, and metal stocks fell, while pharma and IT gained.

## Coverage

- thehindubusinessline.com <https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-11-august-2026/article71328121.ece>
- thehindu.com <https://www.thehindu.com/business/markets/stock-markets-decline-in-early-trade-amid-rising-crude-oil-prices/article71335125.ece>
- thehindu.com <https://www.thehindu.com/business/markets/stock-markets-decline-as-elevated-crude-oil-prices-weigh-on-sentiment-sensex-drops-388-points/article71332214.ece>
- thehindu.com <https://www.thehindu.com/business/markets/stock-markets-decline-in-early-trade-as-elevated-crude-oil-prices-weigh-on-sentiment/article71331119.ece>
- timesnownews.com <https://www.timesnownews.com/business-economy/markets/stock-markets-end-in-red-rebound-in-crude-prices-shift-attention-article-155591784>

Tags: buy call, Mazagon Dock Shipbuilders, Nifty, Sensex, stock market, technical analysis
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