Economy
Indian equities extended their losing streak on July 23, 2026, driven down by rising Brent crude prices above $96 per barrel amid US-Iran tensions. With 15 of 16 sectoral indices closing in the red, heavyweights across IT, banking, and pharma led the slide while investors pivoted toward domestic-consumption stocks.
Indian benchmark indices extended losses for a third straight session as weakness in banking stocks and concerns over rising crude oil prices, Red Sea tensions and global trade developments weighed on investor sentiment, even as IT shares and broader markets showed resilience.
A day after hitting fresh July highs, Indian equities hit…
Dalal Street witnessed a classic tug-of-war on Monday, May 18, 2026, as benchmark indices staged a massive 1,135-point intraday recovery from early panic selling to end virtually unchanged. A weekend drone attack on the UAE’s Barakah nuclear facility pushed Brent crude to $111.28, forcing domestic oil marketing companies to slap a ₹3 per liter fuel hike onto consumers. The resulting inflation panic sent the Indian Rupee crashing to an all-time low of 96 per dollar and triggered a sharp 1% drop at the opening bell. However, defensive buying in IT heavyweights like Tech Mahindra (+4.22%) and robust healthcare counters pulled the Nifty 50 back to 23,649.95. Amid the chaos, Bharti Airtel made corporate history by unseating HDFC Bank as India’s second most valuable company.
15th May | Dalal Street Dalal Street shook off a shaky start on Thursday to…
Indian equities staged a powerful comeback on Thursday, May 14, 2026, snapping a four-day losing streak as the BSE Sensex vaulted 789.74 points to close at 75,398.72. The Nifty 50 surged 1.18% to settle at 23,689.60, fueled by reports that the Finance Ministry may slash taxes for foreign bond investors to support the rupee. Sentiment was further bolstered by the Trump-Xi Summit in Beijing, which hinted at regional stability despite the ongoing Iran conflict. While Metals rode a “melt-up” in copper and aluminum prices, Pharma giants like Zydus (following its $166M Assertio acquisition) and Cipla (up 8% on Q4 beats) acted as defensive anchors. However, IT stocks remained the lone laggards, dropping 2% as the “OpenAI disruption” narrative continues to weigh on tech heavyweights.
THE NUMBERS TELL THE STORYDalal Street logged a powerful comeback on Wednesday, 14 May 2026,…
The Indian government has increased the effective import duty on gold and silver from 6% to 15%, aiming to curb non-essential imports and protect foreign exchange reserves amid rising global economic pressures and the West Asia crisis. The revised structure includes a 10% Basic Customs Duty and a 5% Agriculture Infrastructure and Development Cess (AIDC).
Indian markets ended a volatile Wednesday, May 13, 2026, on a lackluster note, with the Nifty 50 gaining a mere 33 points to settle at 23,412.60. Early morning optimism quickly faded after President Donald Trump described the US-Iran ceasefire as being on “life support,” reigniting fears of a return to open hostilities in the Strait of Hormuz. This geopolitical anxiety, coupled with Brent crude hovering at $106, prompted Moody’s to slash India’s 2026 GDP growth forecast by 80 bps to 6%. While the Metal index provided some cushion and HPCL surged 5% on strong Q4 earnings and a ₹19.25 dividend, relentless FII selling of nearly ₹2,000 crore and a record-low rupee at 95.80 kept the bears in control of the narrative.
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