Daily Republic News
- Business
- May 13, 2026
Market Volatility: Sensex and Nifty Stagnant; Banking Drags as Titan Leads Sectoral Sell-off
The NSE Nifty 50 opened at 23,362.45 and hit an intraday high of 23,503.80 before settling near 23,399.45. Despite the marginal 0.09% gain, the advance-decline ratio favored bears, with nearly 2,711 stocks declining against 584 advances on the broader exchange.The BSE Sensex rema Read More
- Business
- May 13, 2026
India Raises Gold & Silver Import Duty to 15% to Protect Forex Amid West Asia Crisis: FinMin Sources
The Indian government has sharply hiked customs duties on precious metals like gold, platinum and silver, citing the need to conserve foreign exchange and protect the economy from growing global pressures stemming from the ongoing West Asia crisis.Import duty on gold and silver h Read More
- Business
- May 12, 2026
India Absorbs Global Oil Shock As Hormuz Crisis Tests Energy Security Framework
New Delhi: The closure of the Strait of Hormuz earlier this year has triggered one of the most severe global energy disruptions in recent decades, sharply exposing the vulnerabilities of oil-importing economies, including India. Yet, despite soaring crude prices and widespread fu Read More
- Business
- May 12, 2026
India’s Retail Inflation Accelerates to 3.48% in April as Food and Energy Costs Climb
India’s annual retail inflation, based on the Consumer Price Index (CPI), accelerated to 3.48% in April 2026. This is the highest reading since December, driven primarily by a surge in food prices and volatile energy markets. While the headline figure remains below the RBI’s 4% t Read More
- Business
- May 12, 2026
Rs 10,00,000 Crore Investor Wealth Wiped Out; Sensex Suffocates Under 1,500-Point Sell-Off
It was a “Black Tuesday” for Indian investors as a wave of panic selling swept across Dalal Street. In a single session, over Rs 10,00,000 crore of investor wealth was wiped out as the benchmark Sensex crashed by more than 1,500 points.The bloodbath was triggered by worsening geo Read More
- Business
- May 12, 2026
PM’s Austerity Speech Signals Imminent Fuel Price Hikes and LRS Cuts: JM Financial
Prime Minister Narendra Modi’s call for austerity measures should be viewed as “signalling before actual measures” amid rising external vulnerabilities linked to the ongoing West Asia conflict, according to a report by JM Financial Institutional Securities.In the report the broke Read More
- Business
- May 12, 2026
Hardeep Puri Flags Fiscal Strain: ‘How Long OMCs Will Be Able To Take It, It Worries Me’
Union Petroleum and Natural Gas Minister Hardeep Singh Puri delivered a candid warning to industry leaders on Tuesday. Speaking at the CII Annual Business Summit, the Minister addressed the growing gap between global energy costs and domestic retail prices.While Puri assured the Read More
- Business
- May 12, 2026
Dollar Rises as Fading Middle East Peace Hopes and $105 Oil Fuel Inflationary Fears
The U.S. dollar strengthened broadly on Tuesday as talks to end the war in the Middle East showed no signs of progress, pushing oil prices higher and worrying investors that interest rates may need to stay higher to tackle inflationary pressures.Investors now fear that the ceasef Read More
- Business
- May 12, 2026
Nifty Bank Cracks 500 Points as Record Low Rupee and $105 Oil Fuel Fears of Rate Hikes
India’s banking sector faced heavy selling pressure on Tuesday. A combination of a collapsing currency and skyrocketing energy prices forced investors to rethink the outlook for credit growth and inflation.The Nifty Bank index dropped 547.55 points, or 1.01%, to trade at 53,892.3 Read More
- Business
- May 12, 2026
Nifty IT Index Plummets 3.5% as Record Low Rupee and $105 Oil Trigger Tech Sell-Off
The Indian IT sector witnessed a massive bloodbath on Tuesday. A perfect storm of a crashing currency and surging energy costs spooked global investors.The Nifty IT index plummeted 1,051.20 points, or 3.58%, to trade at 28,358.00 by 11:51 IST. The index opened at its day-high of Read More
