Brief by Shorts91 Newsdesk / 07:08am on 11 May 2026,Monday Business
Benchmark indices plunged sharply on Monday, with the BSE Sensex falling over 1,000 points in early trade as investors reacted to surging crude oil prices and fresh uncertainty in West Asia. Concerns deepened after Prime Minister Narendra Modi urged citizens to reduce consumption of imported goods such as petrol, diesel and gold. Analysts said the remarks reflected worries over India’s rising import bill and widening current account deficit amid crude prices crossing $105 per barrel. Banking, aviation, auto and jewellery stocks witnessed heavy selling, while defensive sectors like pharmaceuticals and FMCG showed relative resilience during the market turmoil. (PC: Time Today)
