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Bears stormed Dalal Street on Wednesday, erasing a week’s worth of gains in under 6 hours of trade. A fresh flare-up in West Asia and a spike in oil prices triggered the biggest single-day fall in over a month.

stalled in Kolkata, West Bengal, throughout June 2026, after an adverse police verification report was triggered by the sudden deletion of his name from the state’s electoral rolls. The bureaucratic logjam, occurring right after he completed biometric formalities on March 19, forced the veteran journalist to miss his daughter’s wedding in the United States. The situation unfolded through the controversial Special Intensive Revision (SIR) voter verification process, which flagged his residency as a “logical discrepancy,” leaving his passport applications stranded at the Regional Passport Office (RPO).

The Indian Rupee fell to a fresh record low of 96.35 against the US Dollar on May 18, 2026, marking its seventh consecutive day of losses as global forex traders reacted to escalating geopolitical conflicts in West Asia.