Stock market today (July 23, 2026): Sensex, Nifty open lower as US-Iran escalation, oil price spike weigh on sentiment

KUALA LUMPUR, 23 JULY 2026 —

KUALA LUMPUR, July 23 - The escalating US-Iran conflict and subsequent oil price spike are expected to weigh on investor sentiment in Malaysia, as global markets react to the rising tensions. The Indian stock market, a key indicator for regional trends, is likely to open lower, with GIFT Nifty futures indicating a negative start to the trading session on Thursday.

The potential impact on the Malaysian market is being closely watched, as the country's economy is heavily reliant on trade and sensitive to global market fluctuations.

The Malaysian stock market, which has been experiencing volatility in recent weeks, may see increased selling pressure as investors become more risk-averse.

According to reports, the US-Iran conflict has led to a spike in oil prices, with investors tracking the situation closely. The GIFT Nifty futures, which are traded on the Singapore Exchange, are seen as a key indicator of Indian stock market trends. As of July 22, the futures were indicating a negative start to the trading session on Thursday, reflecting the growing concerns over the escalating conflict.

The outlook for the Malaysian market remains uncertain, as investors wait for further developments on the US-Iran conflict. With the oil price spike and rising tensions, the market is likely to remain volatile in the short term. Investors are advised to exercise caution and monitor the situation closely, as the impact on the Malaysian economy and stock market becomes clearer.

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