Indian shares were sharply lower in early trade on Thursday as Brent crude prices topped $120 a barrel on rising uncertainty over the war in the Middle East, fueling inflation and interest-rate concerns.
The benchmark BSE Sensex was down 978 points, or 1.3 percent, at 76,518 while the broader NSE Nifty index slumped by 326 points, or 1.3 percent, to 23,852.
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Market Analysis
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.