Indian shares tumbled on Monday as the possibility of prolonged turmoil in the Middle East and the ripple effects of higher oil prices prompted traders to move funds into safe-haven assets.
India imports nearly 85 percent of its crude oil needs and therefore a sharp surge in crude prices to their highest level in four years reignited investor concerns over inflation and India's external balances.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.