Business

Industrial production growth eased to 4.9% in April 2026, impacted by a dip in mining. However, manufacturing and electricity generation showed robust gains, pushing sequential output higher. Capital goods and infrastructure segments continue to expand strongly, indicating sustained investment, though consumer goods growth remains moderate.

Dalal Street witnessed a significant downturn as crude oil prices surged due to West Asia tensions, leading to a 508-point drop in the Sensex. Foreign funds continued their selling spree, with outflows exceeding Rs 2.5 lakh crore this year. Investors are now awaiting the RBI’s policy meeting and focusing on stock-specific opportunities amid a range-bound

Sovereign Gold Bond (SGB) investors who purchased bonds between 2019 and 2021 can now apply for premature redemption in June 2026. The Reserve Bank of India has opened redemption windows for five specific bond tranches, requiring investors to submit requests within strict timelines to avoid rejection.

Sebi has proposed allowing road InvITs to add back major maintenance expenses funded by external debt when calculating Net Distributable Cash Flow (NDCF). This move aims to address industry concerns about reduced distributable cash, as these expenses, though crucial for asset longevity, cannot be capitalized. The proposal, following industry representations, requires unitholder approval and extensive

The rupee weakened by 34 paise to 95.19 against the US dollar on Monday, impacted by escalating US-Iran tensions, soaring crude oil prices, and a stronger dollar. Global risk sentiment soured due to West Asia concerns. Analysts anticipate continued negative bias for the rupee, with a trading range of 94.60-95.30.

Indian markets shrugged off rising oil prices due to US-Iran tensions, as tech giants like Nvidia propelled stocks near record highs. Strong corporate earnings, particularly from Science Applications International Corp., also bolstered investor confidence. Despite concerns about market concentration, the tech surge continues to drive Wall Street’s optimism.