Indian shares opened lower on Friday as the West Asia conflict escalated, resulting in a sharp spike in oil and gasoline prices and threatening to set off convulsions in the world economy.
Among the prominent decliners, Bharti Airtel, SBI, HDFC Bank, UltraTech Cement, Bajaj FinServ, Larsen & Toubro, IndiGo, Axis Bank and ICICI Bank were down 1-2 percent.
The benchmark BSE Sensex was down 462 points, or 0.6 percent, at 79,553 in early trade while the broader NSE Nifty index dipped 145 points, or 0.6 percent, to 24,627.
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Market Analysis
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.