GLOBAL NEWS

Today's stock market crash: As global crude oil prices continued to rise, the BSE Sensex and Nifty50 saw a sharp decline in trading on Tuesday. Investors responded uneasily to a number of international uncertainties, the rupee hitting a new record low, and continuously high crude oil prices. Both indices ended the day down more than 1.5%. The overall market capitalization of BSE-listed companies fell to almost Rs 456 lakh crore as a result of the decrease, which wiped investor wealth of over Rs 10.16 lakh crore. Investor attitude remained cautious, according to Vikram Kasat, Head Advisory at PL Capital, because of ongoing selling by foreign institutional investors, a declining rupee, and uncertainty about the state of the world macroeconomy. He did point out that growing market breadth and robust domestic liquidity were somewhat mitigating the negative. He continued by saying that the direction of the market in the upcoming sessions would mostly depend on changes in the price of cr...

Due to poor global indications, the benchmark indices are predicted to open lower once more on Tuesday. Tuesday morning, GIFT NIFTY futures fell more than 180 points as a result of rising commodities costs and sluggish Asian markets. Asian markets saw mixed results on Tuesday morning, with Japanese markets remaining close to record highs and trading flat to negative. In the meantime, following an extraordinary rally, Korean markets saw significant profit booking. Due to investors' preference to take some money off the table, the KOSPI fell more than 3% on Tuesday morning. The price of Brent crude oil remained close to $105 per barrel despite the lackluster news coming from the Middle East. Investor concerns have grown as the Strait of Hormuz's effective shutdown continues to put pressure on the oil supply. As investor anxiety over further escalations in the Middle East grew, US markets maintained their record run with a cautious outlook. As tech stocks continued to boost mark...

The military forces are prepared "to respond and to teach a lesson for any aggression," according to Iranian parliamentary speaker Mohammad Bagher Ghalibaf. One day after rejecting Tehran's proposal to terminate the months-long conflict as "totally unacceptable," U.S. President Donald Trump stated on Monday, May 11, 2026, that the ceasefire with Iran was at its "weakest" and on "massive life support." "It is at its most vulnerable. In answer to a query on the truce with Iran following the rejection of the peace proposal, Mr. Trump told reporters at the Oval Office, "After reading that piece of garbage they sent us... It's on life support, massive life support." Shortly after, Mohammad Bagher Ghalibaf, the speaker of the Iranian parliament and principal negotiator in earlier negotiations with Washington, declared that his nation was ready "for any eventuality." He wrote on X, "Our armed forces are prepared to...

May 10 (Reuters) - On Sunday, the second day of the U.S.-mediated ceasefire between Russia and Ukraine looked to be seriously strained as both sides accused the other of breaking the agreement by launching attacks throughout the weekend.President Donald Trump announced the three-day ceasefire on Friday as part of a larger U.S.-led peace effort that, despite months of shuttle diplomacy, has not yet succeeded in ending the more than four-year-old conflict. Ukrainian officials claimed on Sunday that over 200 battlefield engagements had occurred since early Saturday and that three persons had been killed in Russian drone strikes on regions close to the front line. According to President Volodymyr Zelenskiy, Russia has continued to launch attacks along areas of the front where its forces are moving forward but refraining from large-scale aerial and missile strikes. In his evening speech, he stated, "In other words, the Russian army is not observing any silence on the front and is not e...

On May 10, Donald Trump accepted the Iranian proposal in the hopes that it would result in a breakthrough to end the conflict. Despite being urged to embrace the "military option" by a prominent Republican leader, U.S. President Donald Trump dismissed Iran's proposal to terminate the months-long conflict as "totally unacceptable" without providing specifics. On Sunday, May 10, 2026, Mr. Trump accepted the Iranian proposal in the hopes that it would result in a breakthrough to stop the conflict with Iran, which started on February 28 and blocked the vital maritime route for world oil supply, causing fuel shortages in a number of nations. Israeli Prime Minister Benjamin Netanyahu told an American TV on Sunday that the US-Israeli war against Iran cannot be deemed completed until Iran's enriched uranium stockpile is "taken out." "It's not finished since Iran still needs to remove enriched uranium and other nuclear items. Mr. Netanyahu stated, ...

While Washington awaited Tehran's reaction to a plan to terminate the war, US and Iranian soldiers engaged in gunfire in the Gulf. The limits of US pressure were demonstrated by a CIA estimate that said Iran could endure a blockade for months. As both sides engaged in gunfire in the Gulf on Friday, efforts to put an end to the war between the United States and Iran seemed to lose steam, and a CIA assessment indicated Tehran could have to withstand a naval blockade for several more months. Iran would not experience significant economic strain from a US blockade of its ports for around four months, according to a US official familiar with the intelligence estimate. This suggests that Washington's influence over Tehran may remain restricted despite increasing military and economic pressure. The Washington Post was the first to report on the assessment, which coincided with a sudden increase in tensions in and around the Strait of Hormuz, where this week saw some of the most inten...