Stock Market Update 17 August 2026: Sensex Drops Over 300 Pts; Nifty 50 Below 24,300

Both the Sensex and Nifty 50 were trading in the red as the market reopened on Monday, 17 August 2026, after the weekend break.

At around 9:18 AM, the Sensex was down by 335.63 points (0.43%) to trade at 77,673.62. The Nifty 50 was also trading lower by 76.20 points (0.31%) to trade at 24,289.80.

Notably, on Friday, 14 August 2026, the indices ended on a weak note. At the closing bell, the Sensex stood at 78,009.25, down 0.09%. The Nifty 50 stood at 24,366, down 0.12%.

How Are Other Indices Performing?

Not just the Sensex and the Nifty 50, but other broader indices were also in the red during early trading on Monday.

At around 9:20 AM, Bank Nifty was down by 227.55 points (0.40%) to trade at 57,263.55. The Nifty Financial Services index was also down by around 115 points (0.44%) to trade at 26,098.25.

Sectoral indices, however, traded in mixed directions. Nifty Auto (up 0.45%), Nifty Metal (up 0.01%) and Nifty Pharma (up 0.14%) were in the green. Nifty FMCG (down 0.54%), Nifty PSU Bank (down 1.09%) and Nifty IT (down 0.76%) were in the red.

Top Gainers And Losers

During early trading on Monday, about 1,477 shares were in the green, 1,337 shares were in the red, and 241 shares were unchanged.

The top gainers on Nifty included Eicher Motors, Hindalco, Apollo Hospitals, M&M and Adani Enterprises.

The top losers were JSW Steel, Jio Financial, SBI, Dr Reddy’s Laboratories and ITC.

How Are The Global Markets Performing?

Global markets gave mixed cues on Monday as oil prices continued to climb.

• S&P 500 futures were little changed as of 11:58 AM Tokyo time.

• Japan’s Topix fell 0.6%.

• Australia’s S&P/ASX 200 fell 0.3%.

• Hong Kong’s Hang Seng rose 1.6%.

• The Shanghai Composite rose 0.6%.

• Euro Stoxx 50 futures rose 0.2%.

Factors Impacting The Markets

• Oil Prices Spike: Oil prices continued to climb as there is no clarity regarding the restoration of the shipping passage through the Strait of Hormuz.

• Middle East Tensions: With no peace deal yet between the US and Iran, uncertainty over Middle East tensions still looms large.

• Rupee Opens Lower: The Indian National Rupee (INR) opened 0.06% lower at 95.4775 per US dollar on Monday. The previous close was at 95.4250.

Investor Takeaway

The indices are under pressure as rising oil prices and uncertainty in the Middle East weigh on investor sentiment. However, strong Q1 results are providing some support and keeping the market resilient. Analysts continue to see positive long-term prospects.

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