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Indian Markets Brace for Gap-Down Amid Global Selloff, Crude Surge

By ThePip DeskIndian Markets Brace for Gap-Down Amid Global Selloff, Crude Surge

Indian stock markets anticipate a gap-down opening Friday, influenced by West Asia tensions, Brent crude exceeding $100, and a global equities selloff. Inflation fears rise.

Indian markets are poised for a gap-down opening on Friday, mirroring a global equities selloff fueled by escalating geopolitical tensions in West Asia.

This downturn is further intensified by a sharp surge in global crude oil prices, with Brent crude trading above $100 a barrel following Houthi attacks on tankers in the Red Sea, reigniting inflation concerns.

Globally, U.S. markets closed lower on Thursday as oil prices surpassed the $100 per barrel mark for the first time since May.

  • Alphabet’s earnings raised concerns regarding increased artificial intelligence spending.
  • Tesla shares experienced a decline.
  • A Labor Department report showed US unemployment claims fell by 22,000 to 187,000 on the week to July 18th, exceeding expectations.

In corporate developments, Akums Drugs and Pharmaceuticals’ wholly-owned subsidiary, Pure and Cure Healthcare, received board approval for a strategic acquisition.

  • The acquisition targets Oriflame India’s manufacturing business.
  • The deal is valued at Rs 56 crore.
  • It includes two manufacturing plants in Roorkee, Uttarakhand, and Noida, Uttar Pradesh, plus a leased warehouse, expanding Akums’ capacity.

Spandana SphoortyFin reported a significant turnaround for the June 2026 quarter, moving from a loss to a substantial profit.

  • Total profit reached Rs 160.90 million.
  • This compares to a loss of Rs -3289.10 million in the same quarter last year.
  • Operating profit margin improved to 1536.60%, despite a marginal revenue decline to Rs 2615.50 million.

Shemaroo Entertainment also announced its June 2026 quarterly results, showing a narrowed net loss.

  • Net loss reduced to Rs -89.00 million.
  • This is an improvement from Rs -469.23 million in the prior year period.
  • Operating profit margin improved to -20.67%, although sales decreased to Rs 1232.28 million from Rs 1310.36 million year-over-year.

Foreign fund outflows are anticipated to further dampen investor sentiment amidst these global and domestic financial shifts.

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