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Inflation, weak rupee drag Indian markets lower; fuel price hike adds to concerns
Rediff· 2026-05-15 19:29
Indian benchmark equity indices, Sensex and Nifty, closed lower as investor sentiment was dampened by a weaker rupee, rising bond yields, and fresh fuel price hikes, all contributing to renewed inflation concerns. Key Points Benchmark equity indices Sensex and Nifty surrendered early gains to close lower on Friday due to selling in metal, oil & gas and PSU bank shares and caution among investors amid surging crude oil prices. The 30-share BSE Sensex dropped 160.73 points, or 0.21 per cent, to settle at 75,2 ...