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The Nifty 50 fell 1.49% and the Sensex dropped 1.7% on Monday, their steepest single-day losses since 30 March, after PM Modi urged citizens to cut fuel use and gold buying. Markets read the remarks as a possible policy signal that could hit energy and jewellery sectors.
Indian markets fell sharply after PM Modi urged fuel conservation and fewer gold and import purchases, signalling pressure on foreign exchange reserves. The Nifty 50 lost 1.49%, the rupee hit a record low of 95.31 per dollar, and Brent crude climbed above $104 on renewed Iran-US tensions.
India's 2026 state assembly elections are emerging as a key battleground between the BJP and opposition parties. The opposition has flagged concerns over electoral fairness, federal fund flows, and democratic balance, while the BJP looks to extend its multi-state dominance.
Prime Minister Modi has urged Indians to reduce fuel use, overseas travel, and gold purchases as the Middle East conflict threatens India's heavily import-dependent energy supply. A broader war involving Iran could pressure the rupee, widen the trade deficit, and push up domestic fuel prices.
The BJP under Narendra Modi is broadening its national footprint while India's opposition remains fragmented and unable to form a unified challenge. State elections over the next few years will determine whether this structural advantage extends BJP's grip on power well past 2030.
PM Modi has called on Indians to cut petrol use amid Middle East conflict, framing it as a civic duty and comparing the needed discipline to Covid-era behavior. India imports about 85% of its crude oil, so sustained Middle East tensions could push up fuel costs and widen the trade deficit.
PM Modi, at a Telangana BJP rally, urged citizens to save foreign exchange to help India manage the economic impact of the ongoing war. He cited sharp rises in petrol and fertilizer prices as the key pressure points hitting household and farm costs.
PM Narendra Modi has urged Indians to cut fuel use and avoid foreign travel, suggesting a return to pandemic-era work-from-home and virtual meeting practices. The appeal reflects India's heavy dependence on imported crude oil and could signal broader energy policy moves ahead.
Prime Minister Narendra Modi attended the swearing-in ceremony of the BJP's first-ever state government in West Bengal. The political milestone ends the party's long pursuit of power in one of India's most competitive and historically Left-leaning states.
The BJP now governs or sits in ruling coalitions across 22 of India's states and union territories following recent state election results. The expanded footprint strengthens Modi's ability to push through reforms requiring state-level cooperation and signals sustained political dominance heading into future elections.
India's BJP is on course for a historic win in West Bengal, a state long held by Mamata Banerjee's Trinamool Congress. A victory would mark a major shift in Indian politics, expanding BJP's reach into eastern India and weakening a key national opposition voice.
Modi's BJP was set to record major state election wins on Monday, with analysts saying the results could accelerate two flagship agendas: a uniform civil code replacing religion-specific personal laws and expanded infrastructure investment across states.
The BJP has won West Bengal for the first time, defeating Mamata Banerjee's Trinamool Congress through a combination of religious polarisation and voter anti-incumbency. The win reshapes India's national political map and weakens Banerjee's standing as a potential opposition leader.
PM Modi called the BJP's sweep of West Bengal's 2026 Assembly Elections a "historic victory," crediting "people's power" in his first public reaction. A BJP majority in the TMC-dominated state would mark a major shift in eastern India's political landscape.
Modi's BJP was on track to win two of four state elections on Monday, strengthening its political position at the midpoint of his third term. The results further weaken the main opposition and could ease the BJP's ability to pass legislation in Parliament's upper house.
Vote counting is underway in five Indian states, with West Bengal the central contest as Modi's BJP attempts to oust Chief Minister Mamata Banerjee's TMC government. Results will test BJP's ability to expand beyond its strongholds and affect Modi's political leverage on economic and trade challenges.
Vote counting has begun in key Indian state elections, with exit polls giving the BJP a slim lead over Mamata Banerjee's Trinamool Congress. The results will test Modi's ability to expand the BJP's state-level dominance against one of India's most resilient regional parties.
PM Modi declared at a public rally that West Bengal's mood favours a BJP win and said he will return for an oath-taking ceremony. He attacked the Trinamool Congress government over alleged syndicate networks, political violence, and economic decline in the state.
Exit polls from April elections across five Indian states and territories indicate gains for Modi's BJP. State results are a key barometer of national political momentum and can influence federal policy expectations. Official counts will confirm whether the polling trend holds.
Prime Minister Modi used a 30-minute speech to reaffirm government resolve on women's political reservation, blaming the Congress, DMK, Trinamool Congress, and Samajwadi Party for obstructing progress. The move positions the ruling alliance on a high-visibility equity issue with direct electoral appeal to women voters.
Tag
The Nifty 50 fell 1.49% and the Sensex dropped 1.7% on Monday, their steepest single-day losses since 30 March, after PM Modi urged citizens to cut fuel use and gold buying. Markets read the remarks as a possible policy signal that could hit energy and jewellery sectors.
1mo ago · 2 min · Markets
Indian markets fell sharply after PM Modi urged fuel conservation and fewer gold and import purchases, signalling pressure on foreign exchange reserves. The Nifty 50 lost 1.49%, the rupee hit a record low of 95.31 per dollar, and Brent crude climbed above $104 on renewed Iran-US tensions.
1mo ago · 3 min · Markets
India's 2026 state assembly elections are emerging as a key battleground between the BJP and opposition parties. The opposition has flagged concerns over electoral fairness, federal fund flows, and democratic balance, while the BJP looks to extend its multi-state dominance.
1mo ago · 2 min · Policy & Government
Prime Minister Modi has urged Indians to reduce fuel use, overseas travel, and gold purchases as the Middle East conflict threatens India's heavily import-dependent energy supply. A broader war involving Iran could pressure the rupee, widen the trade deficit, and push up domestic fuel prices.
1mo ago · 2 min · Big Stories
The BJP under Narendra Modi is broadening its national footprint while India's opposition remains fragmented and unable to form a unified challenge. State elections over the next few years will determine whether this structural advantage extends BJP's grip on power well past 2030.
1mo ago · 2 min · Global Affairs
PM Modi has called on Indians to cut petrol use amid Middle East conflict, framing it as a civic duty and comparing the needed discipline to Covid-era behavior. India imports about 85% of its crude oil, so sustained Middle East tensions could push up fuel costs and widen the trade deficit.
1mo ago · 2 min · Policy & Government
PM Modi, at a Telangana BJP rally, urged citizens to save foreign exchange to help India manage the economic impact of the ongoing war. He cited sharp rises in petrol and fertilizer prices as the key pressure points hitting household and farm costs.
1mo ago · 2 min · Policy & Government
PM Narendra Modi has urged Indians to cut fuel use and avoid foreign travel, suggesting a return to pandemic-era work-from-home and virtual meeting practices. The appeal reflects India's heavy dependence on imported crude oil and could signal broader energy policy moves ahead.
1mo ago · 2 min · Policy & Government
Prime Minister Narendra Modi attended the swearing-in ceremony of the BJP's first-ever state government in West Bengal. The political milestone ends the party's long pursuit of power in one of India's most competitive and historically Left-leaning states.
1mo ago · 2 min · Policy & Government
The BJP now governs or sits in ruling coalitions across 22 of India's states and union territories following recent state election results. The expanded footprint strengthens Modi's ability to push through reforms requiring state-level cooperation and signals sustained political dominance heading into future elections.
1mo ago · 2 min · Policy & Government
India's BJP is on course for a historic win in West Bengal, a state long held by Mamata Banerjee's Trinamool Congress. A victory would mark a major shift in Indian politics, expanding BJP's reach into eastern India and weakening a key national opposition voice.
1mo ago · 2 min · Big Stories
Modi's BJP was set to record major state election wins on Monday, with analysts saying the results could accelerate two flagship agendas: a uniform civil code replacing religion-specific personal laws and expanded infrastructure investment across states.
1mo ago · 2 min · Policy & Government
The BJP has won West Bengal for the first time, defeating Mamata Banerjee's Trinamool Congress through a combination of religious polarisation and voter anti-incumbency. The win reshapes India's national political map and weakens Banerjee's standing as a potential opposition leader.
1mo ago · 2 min · Big Stories
PM Modi called the BJP's sweep of West Bengal's 2026 Assembly Elections a "historic victory," crediting "people's power" in his first public reaction. A BJP majority in the TMC-dominated state would mark a major shift in eastern India's political landscape.
1mo ago · 2 min · Policy & Government
Modi's BJP was on track to win two of four state elections on Monday, strengthening its political position at the midpoint of his third term. The results further weaken the main opposition and could ease the BJP's ability to pass legislation in Parliament's upper house.
1mo ago · 2 min · Big Stories
Vote counting is underway in five Indian states, with West Bengal the central contest as Modi's BJP attempts to oust Chief Minister Mamata Banerjee's TMC government. Results will test BJP's ability to expand beyond its strongholds and affect Modi's political leverage on economic and trade challenges.
1mo ago · 2 min · Big Stories
Vote counting has begun in key Indian state elections, with exit polls giving the BJP a slim lead over Mamata Banerjee's Trinamool Congress. The results will test Modi's ability to expand the BJP's state-level dominance against one of India's most resilient regional parties.
1mo ago · 2 min · Big Stories
PM Modi declared at a public rally that West Bengal's mood favours a BJP win and said he will return for an oath-taking ceremony. He attacked the Trinamool Congress government over alleged syndicate networks, political violence, and economic decline in the state.
1mo ago · 2 min · Policy & Government
Exit polls from April elections across five Indian states and territories indicate gains for Modi's BJP. State results are a key barometer of national political momentum and can influence federal policy expectations. Official counts will confirm whether the polling trend holds.
2mo ago · 1 min · Policy & Government
Prime Minister Modi used a 30-minute speech to reaffirm government resolve on women's political reservation, blaming the Congress, DMK, Trinamool Congress, and Samajwadi Party for obstructing progress. The move positions the ruling alliance on a high-visibility equity issue with direct electoral appeal to women voters.
2mo ago · 1 min · Policy & Government