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Indian markets experienced a significant downturn last week, with the top 10 most valued firms losing Rs 3.12 lakh crore. Geopolitical tensions, a weakening rupee, and rising inflation, exacerbated by surging crude oil prices, drove the decline. Reliance Industries saw the steepest fall, while Bharti Airtel was the sole gainer among the giants.

Delhi commuters face a double blow as CNG prices surged by Re 1, pushing the cost to Rs 80.09 per kg, the second hike in 48 hours. This follows a Rs 2 increase on Friday. The price hikes impact private vehicle owners, cabbies, and public transport users.

India’s jewellery exports saw a significant drop in April. Geopolitical tensions in West Asia and market uncertainty impacted sales. Exports of cut and polished diamonds, lab-grown diamonds, and gold jewellery declined. However, silver jewellery exports experienced a substantial surge. This trend reflects global economic and political influences on the sector.

Foreign investors have continued their withdrawal from Indian equities, with net outflows reaching Rs 27,048 crore this month. This selling spree, totaling Rs 2.2 lakh crore in 2026, is driven by global macroeconomic uncertainty, geopolitical tensions, and a stronger US dollar making developed markets more attractive.

Global steel prices surged in April and early May, with India emerging as a fast-growing market. Hot rolled coil prices rose across major regions, led by Brazil. India’s crude steel production saw an 11% year-on-year increase in March, outpacing global trends. China’s steel output contracted, though capacity cuts are expected to be delayed.