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Nifty ends lower with cut of over three percent as crude oil prices rise

19 Mar 2026 Evaluate

Snapping 3-day gaining streak, Indian equity benchmark -- Nifty ended red with cut of over three percent on Thursday as crude oil prices rose. Index began the session with cut of around two and half percent and remained under pressure till the end of the session, as Iran struck Middle East energy facilities in retaliation for an Israeli attack on the South Pars gas field. Market witnessed huge sell-off across the sectors amid ongoing geopolitical tensions. Besides, traders were cautious after a report by ICRA and ASSOCHAM stated that fresh slippages in the banking sector expected to rise in the near term due to emerging stress in the retail and MSME segments, even as overall asset quality remains strong. 

All sectorial indices ended in red. The top gainers from the F&O segment were Oil & Natural Gas Corporation and Oil India. On the other hand, the top losers were Petronet LNG, Shriram Finance and Hindustan Petroleum Corporation. In the index option segment, maximum OI continues to be seen in the 25900 - 26100 calls and 21900 - 22100 puts indicating this is the trading range expectation.

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