Sensex falls 0.3% as RIL, Infosys drop
India’s BSE Sensex index fell 238 points, or 0.3%, on Tuesday to close at 79,435.62, while the NSE Nifty 50 slipped 0.3% to 24,180.85, breaking below the 24,200 level.
Source: indiatimes.com · July 21, 2026 at 6:22 PM · AI-assisted report
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KUALA LUMPUR, 22 JULY 2026 —
Indian Stocks Fall as RIL, Infosys Drag; Malaysia Market Watch
Market Impact
Malaysia’s benchmark FBM KLCI was little changed on Tuesday, tracking regional peers after India’s Sensex and Nifty 50 slipped 0.3% each, weighed down by declines in Reliance Industries and Infosys. The FBM KLCI closed at 1,562.12, up 0.1%, as investors remained cautious ahead of key earnings reports from global technology firms later this week.
The drop in Indian equities came despite a fall in oil prices, which eased after reports of mediation efforts between the US and Iran. Brent crude futures fell 0.8% to $82.15 per barrel, though gains were capped by fresh military tensions in the region and threats by Yemen’s Houthi rebels to impose a naval blockade on Saudi Arabia.
UltraTech Cement reported its strongest-ever first-quarter results in terms of sales volume, revenue, and EBITDA, broadly meeting market expectations. Meanwhile, SBI Funds Management’s ₹9,813-crore initial public offering—the largest of 2026 so far—was subscribed 41.66 times, with shares expected to list at a 10-15% premium over the IPO price of ₹574.
Asian equities snapped a three-session losing streak, with the Nikkei 225 rising 3.26% and the Topix gaining 2.44%, as chip stocks rebounded ahead of earnings. The FBM KLCI’s muted performance reflects broader regional caution, with investors awaiting further cues from corporate earnings and geopolitical developments.