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SENSEX and NIFTY50 decline as crude oil prices rise

pre-market1 source ↓written by the desknot a recommendation

The Indian equity benchmarks declined on 05 May as crude oil prices surged amid escalating tensions in the Middle East. The SENSEX fell 524 points, while the NIFTY50 hit an intraday low of 23,949. Losses were led by major players like ICICI Bank, HDFC Bank, and Maruti Suzuki.

The rise in oil prices may heighten inflation concerns, impacting market sentiment and investor confidence. Traders should monitor further developments in the region closely.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 6 May 2026, 07:07 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

ICICIBANK closed +2.3% on the day of the news, from ₹1,251.30 to ₹1,279.50; Nifty +1.2% over the same session; futures OI +3.7%.

Bulletin at 07:07 IST on 6 May 2026. Every change is measured from ₹1,251.30, the last close before it, on 5 May. Nifty 50 is measured over the same sessions.

  • ICICIBANK close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
ICICIBANK closes around the bulletin against the close before the news, with Nifty 50 rebased to it116912511333axis spans 14%before the news · 5 May1251Nifty 50ICICIBANKbulletinD0+1+3+528 Apr11 May20 MayFutures open interest, lotspeak 2.4 LReference close ₹1,251.30. 16 sessions from 28 Apr to 20 May; the price axis spans 14 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before5 May₹1,251.30basebase
On the day6 May₹1,279.50▲ +2.3%▲ +1.2%+1.0 pp difference
+1 session7 May₹1,279.00▲ +2.2%▲ +1.2%+1.0 pp difference
+3 sessions11 May₹1,266.40▲ +1.2%▼ −0.9%+2.1 pp difference
+5 sessions13 May₹1,235.60▼ −1.3%▼ −2.6%+1.3 pp difference
Gap at the open, % · ₹
▲ +0.9%+10.76 on 6 May
Day's range, % · ₹
2.5%≈ 31 high to low
Volume on the day
1.17×the 20-session average
Futures OI on the day
▲ +3.7%+7,700 lots · long build-up · price +2.3%
Futures OI open, lots
2.2 L6 May · 26 May expiry
Futures premium, ₹
+8.10+0.6% to spot
Puts per call, by OI
0.61from 0.58 the session before
Max pain
1,300from 1,300 the session before

Source NSE UDiFF bhavcopy · ICICIBANK on the desk →

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