Foreign fund outflows and a weak trend in global markets further added to the bearish trend. | Photo Credit: Reuters Equity markets stayed on the back foot for the second day on Friday (May 8, 2026) as fresh geopolitical tensions in West Asia revived concerns over energy supplies and weighed heavily on investor sentiment. Foreign…
State-run oil marketing companies (OMCs) have bled an estimated ₹30,000 crore in losses since mid-March as they kept fuel and LPG supplies flowing without raising retail prices despite facing an energy disruption that is bigger than all previous crises combined. Indian Oil Corporation Limited (IOC), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited…
Image used for representational purposes only. | Photo Credit: Getty Images/iStockphoto The rupee depreciated 25 paise to close at 94.47 (provisional) against the U.S. dollar on Friday (May 8, 2026), after rising in the past two sessions, on renewed tensions between the U.S. and Iran over the Strait of Hormuz. Forex traders said investor sentiments…
The rupee depreciated by 45 paise against the U.S. dollar. File | Photo Credit: AP The rupee depreciated 45 paise to 94.67 against the U.S. dollar in early trade on Friday (May 8, 2026), as Brent crude prices rose back to $101.00 per barrel after U.S. and Iranian forces exchanged fire near the Strait of…
National Stock Exchange (NSE) in Mumbai, India. File | Photo Credit: Reuters Equity markets declined in early trade on Friday (May 8, 2026) as escalating geopolitical tensions in West Asia and rising oil prices weighed heavily on investor sentiment. Foreign fund outflows and a weak trend in global markets further dented investor sentiment. The 30-share…
After facing heavy fluctuations during the day, the 30-share BSE Sensex ended 114 points or 0.15% lower at 77,844.52. File | Photo Credit: Reuters Benchmark indices ended lower in a choppy trade on Thursday (May 7, 2026), with the Sensex declining 114 points, as investors turned cautious amid unabated foreign fund outflows and rising geopolitical uncertainties….
Representative image. | Photo Credit: Getty Images/iStockphoto The rupee pared initial losses and settled for the day on a positive note, higher by 23 paise at 94.26 (provisional) against the greenback on Thursday (May 7, 2026), as Brent crude and the U.S. dollar index retreated from their elevated levels. Forex traders said Brent oil prices…
Paytm Payments Bank failed to comply with the conditions stipulated in the payments bank licence issued to it, the central bank said. File | Photo Credit: Reuters Fintech major One97 Communications, which operates the Paytm brand, has ruled out plans to apply for a Non-Banking Financial Company (NBFC) licence. During the company’s Q4 earnings call…
The rupee depreciated 28 paise against the U.S. dollar. File | Photo Credit: Reuters The rupee depreciated 28 paise to 94.77 against the U.S. dollar in early trade on Thursday (May 7, 2026) as market sentiment took a dramatic turn after reports emerged that the U.S. and Iran are discussing a 14-point Memorandum of Understanding…
Image used for representational purposes. File | Photo Credit: Reuters Benchmark indices Sensex and Nifty declined in early deals on Thursday (May 7, 2026) in a highly volatile trade as investors turned cautious amid unabated foreign fund outflows and rising geopolitical uncertainties. The 30-share BSE Sensex declined 160.24 points to 77,798.28 in early trade. The…
