Stock markets dive in early trade as oil prices surge above $120 per barrel

Stock markets dive in early trade as oil prices surge above 0 per barrel

Brent crude, the global oil benchmark, traded 4.08% higher at $122.8 per barrel.
| Photo Credit: Getty Images/iStockphoto

Benchmark indices Sensex and Nifty slumped in early trade on Thursday (April 30, 2026) amid a sharp spike in crude oil prices, weak global trends and foreign fund outflows.

The 30-share BSE Sensex tumbled 821.79 points to 76,674.57 in early trade. The 50-share NSE Nifty dived 287.3 points to 23,890.35.

From the 30-Sensex firms, InterGlobe Aviation, Eternal, UltraTech Cement, Mahindra & Mahindra, Axis Bank and Adani Ports were among the biggest laggards.

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