Indian shares were deep in the red on Monday after the U.S. allowed a waiver on Russian oil sales to expire and several Gulf countries reported drone attacks, sending oil prices sharply higher and marking a dangerous escalation in the Middle East conflict.
The benchmark BSE Sensex was down 958 points, or 1.3 percent, at 74,279 in early trade, while the broader NSE Nifty index plummeted by 298 points, or 1.3 percent, to 23,347.
For comments and feedback contact: editorial@rttnews.com
Market Analysis
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.