Sensex, Nifty Plunge Over 2% on Global Weakness, Tensions

Indian equity benchmarks Sensex and Nifty dropped over 2% on Friday, ending a two-day rally due to global market weakness and rising Middle East tensions. The sell-off was driven by high crude prices, rupee depreciation, and foreign fund outflows.

Fuel Duty Cut, Iran Deaths Top 1,900 in US-Israel Strikes

The Indian government announces a significant reduction in excise duty on petrol and diesel to ease consumer burden. Meanwhile, Iran reports over 1,900 fatalities since the start of US-Israel military strikes, escalating regional tensions.

Fuel Tax Cut Fails to Lower Petrol and Diesel Prices in India

Despite a significant ₹10 per liter excise duty reduction on fuel, petrol and diesel prices in India remain stable. The government is using the tax cut to offset losses for oil companies amid surging global crude prices, prioritizing inflation control ove

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