Business

July 8, 2026 4:36 PM

Escalating geopolitical risks drive volatility across major market sectors

Indian benchmark equity indices witnessed their sharpest single-day decline in more than three months on Wednesday as escalating tensions in West Asia dampened investor sentiment and sparked a broad-based selloff across sectors. The Sensex plunged 1,677.12 points, or 2.15 per cent, to close at 76,5...

July 8, 2026 10:16 AM

IMF appoints Silvana Tenreyro as chief economist, head of research

The International Monetary Fund on Tuesday named Silvana Tenreyro as its next chief economist, replacing Pierre-Olivier Gourinchas, who has returned to academia, IMF Managing Director Kristalina Georgieva said in a statement. Tenreyro, a citizen of Argentina, Italy and Britain and longtime ...

July 8, 2026 9:23 AM

Oil climbs, bonds slide on Mideast hostilities

Oil prices rose and bonds were sold on Wednesday as renewed fighting in the Middle East and U.S. sanctions on Iranian oil threatened the ceasefire, while stocks took a breather as the record-breaking AI rally starts to run short on momentum. Brent crude futures were up 2% to $75.60 a barrel, which ...

July 7, 2026 5:13 PM

Sensex, Nifty end marginally lower amid profit booking; IT stocks buck trend

Indian benchmark equity indices ended marginally lower on Tuesday as profit booking in the second half of the trading session, weak cues from Asian markets and caution ahead of the release of the US Federal Reserve's meeting minutes weighed on investor sentiment. The BSE Sensex declined 104.35 poin...