Indian shares tumbled on Thursday to extend steep losses from the previous session, with rising crude oil prices amid stalled U.S.-Iran peace talks, and rupee weakness linked to the RBI's partial rollback of earlier curbs on derivative trades weighing on markets.
The dollar wobbled near a 1-1/2-week high and Brent crude prices extended gains for the fourth straight session to surge toward $104 a barrel, reigniting worries about inflation, interest rates and economic growth.
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Market Analysis
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.