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The Sensex and Nifty opened at fresh record levels in early trade on Thursday, May 21, 2026. The Sensex started trading today at 75183.36, down at 135.03 points or 0.18%, and the Nifty was at 23654.70, down at 4.30 points or 0.02%. Meanwhile, the Indian rupee was trading today at 96.38 against the dollar.
Indian pharmaceutical stocks witnessed a strong upward rally, with Gland Pharma leading with gains of over 27%. Laurus Labs and Biocon also delivered impressive returns of around 21-23%. Several major players, including Cipla, Sun Pharma, and Mankind Pharma, rose in double digits. However, Lupin and Alkem Laboratories remained under pressure.
The Indian rupee recovered strongly today, gaining 41 paise to trade at 96.45 against the US dollar after touching a record low in the previous session. Improved market sentiment after Trump’s remarks suggesting progress in Iran talks. The rupee opened at 96.25 in early trade after closing at an all-time low of 96.86 on Wednesday […]
Indian stock markets opened on a strong note today, with both the Sensex and Nifty 50 recording sharp early gains driven by sustained buying interest. The Sensex surged past the 75,900 mark during intraday trade, while the Nifty climbed close to 23,860. Broader sentiment remained positive despite a weaker rupee, which traded around 96.06 against […]
Here are the petrol prices per litre today in the top cities in India. ★Delhi – ₹98.64, ★Kolkata – ₹109.70, ★Mumbai – ₹107.59, ★Chennai – ₹104.46, ★Bangalore – ₹107.12, ★Bhubaneswar – ₹105.09, ★Chandigarh – ₹98.10, ★Hyderabad – ₹111.88, ★Jaipur – ₹109.32, ★Lucknow – ₹98.40, ★Trivandrum – ₹111.71, ★Port Blair – ₹85.73, and ★...
The Reserve Bank of India (RBI) has declared a key step amid the rupee’s weakening trend, planning a $5 billion USD/INR buy-sell swap auction scheduled for May 26. The 3-year tenor operation aims to inject durable liquidity into the banking system while stabilizing currency pressures. The key decision follows a review of evolving financial conditions.
BJP MP Sasmit Patra urged Finance Minister Nirmala Sitharaman to consider bringing petrol and diesel under the GST framework. He stated that uniform fuel taxation could reduce inflation, and operational costs for businesses and farmers. Patra also highlighted that varying state VAT structures affect market integration, emphasizing the need for a key reforms.
The weakening of the India rupee against the US dollar is highlighting deeper concerns beyond currency fluctuations. Global tensions in the Middle East and increasing crude oil prices have added pressure on India’s economy. Experts believe the falling rupee reflects broader economic and investment challenges rather than just a temporary market decline today.
Cognizant is planning layoffs of 7,000-15,000 employees under its “Project Leap” restructuring, aiming to shift toward an AI-driven business model. The initiative focuses on automation and streamlining operations. While reducing workforce layers, the company plans to invest more in AI and continue hiring talent aligned with digital transformation.
The government approved a 2% Dearness Allowance hike, raising it from 58% to 60%, effective January 2026. While it offers relief against inflation, the actual salary increase is modest-for example, about ₹600 on a ₹30,000 basic pay. Employees and pensioners will also receive arrears, with the hike based on inflation-linked calculations.
Indian markets ended lower, with the Sensex falling 253 points, settling at 77,017.79. While Nifty closed at 24,032.80. Banking, realty, and oil & gas stocks dragged indices amid rising West Asia tensions. US-Iran clashes near the Strait of Hormuz and attacks on regional ships heightened global risk fears, though auto and FMCG sectors outperformed.
Elon Musk has agreed to pay $1.5 million to settle an SEC case over delayed disclosure of his stake in Twitter. The settlement, pending court approval, includes a civil penalty and injunction. The SEC alleged the delay caused investor losses, while Musk’s side termed it a minor filing lapse. The case is separate from ongoing […]
Indian stock markets opened lower as the Sensex dropped 165 points and the Nifty fell near 24,050. These losses were fueled by Middle East tensions and rising oil prices. Meanwhile, the Indian rupee hit a record low of 95.46 against the dollar. Cautious global sentiment and mixed Asian markets further dampened the morning session’s performance.
Bitcoin crossed the $80,000 level on Monday, briefly touching a three-month high around $80,526 before slight profit-taking. The rally was driven by strong ETF inflows and improved investor sentiment. Analysts say institutional demand continues to support prices, with crypto markets gaining momentum and altcoins also rising alongside Bitcoin’s upward trend.
India’s LPG consumption fell 16% in April 2026 to about 2.2 million tonnes, driven by supply disruptions linked to the West Asia conflict affecting imports via the Strait of Hormuz. Household supply was prioritised over commercial users, while global instability also impacted fuel demand trends across diesel, petrol, and aviation sectors.