vinod adani

Indian equity benchmarks Sensex and Nifty closed lower on Tuesday after a late sell-off in heavyweight stocks like HDFC Bank and Reliance Industries erased early gains. Concerns over the rupee hitting a fresh record low and elevated crude oil prices also weighed on investor sentiment, though IT stocks provided some support.

Indian-origin billionaires are increasingly powering the UAE's wealth, with nine individuals on Forbes Middle East's 2026 list commanding $49.9 billion. These entrepreneurs have built multi-billion-dollar businesses across various sectors, reflecting the UAE's appeal as a hub for global wealth due to its business-friendly policies and strategic location.

Indian equity markets experienced a downturn Friday, with both Sensex and Nifty closing lower. Renewed military tensions near the Strait of Hormuz dampened investor sentiment, leading to profit-booking across various sectors. While IT stocks showed resilience, PSU banks were significantly impacted. Global markets also reflected cautious sentiment.

Indian equity benchmarks, Sensex and Nifty, staged a strong intraday recovery to close higher on Tuesday. Easing crude oil prices, positive global cues, and robust buying in IT stocks fueled the rebound. Despite initial weakness, markets ended firmly in the green, with IT stocks leading the gains.

Indian stock markets experienced a severe downturn Monday, mirroring a global sell-off. Escalating Middle East tensions, rising crude oil prices, consistent foreign investor withdrawals, and a record-low rupee significantly impacted investor confidence, leading to broad-based losses across major indices and sectors.

Stock market today: Nifty50 and BSE Sensex continued their rally on Wednesday, rising nearly 1% to close in green for the third consecutive day. The rally was upported by a marginal easing in crude oil prices and positive cues from global markets.