Tag: high crude prices

Stock markets succumb to late sell-off; Sensex falls 114 points

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Stock markets succumb to late sell-off; Sensex falls 114 points

Equity benchmarks Sensex and Nifty ended lower on Tuesday (May 19, 2026) due to a fag-end sell-off in blue-chip stocks HDFC Bank and Reliance Industries, as concerns rose over the Rupee hitting a new record low. Elevated global crude prices tracking geopolitical uncertainties also impacted market sentiment, but robust buying in IT stocks restricted the…

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Unlearnt lessons: On India’s inadequate strategic petroleum and gas reserves

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Unlearnt lessons: On India’s inadequate strategic petroleum and gas reserves

Last week, the Centre hiked retail petroleum product prices after a gap of four years. This was expected, since the government had been warning about high crude prices, and how public sector oil marketing companies (OMCs) had been bleeding heavily due to under-recoveries. It was also expected that this would happen after the results of…

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Business