Indian shares fell, and the rupee hit an all-time low on Tuesday, as high crude oil prices linked to the Middle East conflict weighed on risk sentiment. The Nifty 50 declined 0.36% to 24,032.80 and the BSE Sensex shed 0.33% to 77,017.79. The rupee slid to 95.4325 per U.S. dollar. Brent crude surged to an intraday high of $115.3 a barrel on Monday after Iran stepped up attacks on the UAE and ships in the Gulf, including several in the Strait of Hormuz. While oil prices eased to about $113 on Tuesday on signs the U.S. Navy is loosening Iran’s grip over the strait, they remain elevated, underscoring persistent macroeconomic risks. Higher crude prices are a negative for the world’s third-largest importer of the commodity, as they add to inflationary pressures and drag economic growth and corporate earnings. “Fresh U.S.-Iran hostilities rattled sentiment, implying that the crude-led market gyrations will persist until clearer signs of a resolution to the conflict emerge,” said Anita Gandhi, head of institutional business at Arihant Capital Markets. “While higher crude prices and a weakening rupee are fuelling record foreign outflows, the absence of any major negative surprises this earnings season is helping cushion the market against sharper losses,” Gandhi said.

Indian share markets are trading lower with Sensex trading 301 points lower, and Nifty is trading 100 points lower.

OUR Correspondent BONGAIGAON: A shocking snatching incident took place at Jogighopa in the Bongaigaon district, where a local carpenter, Paritosh Malo, lost his hard-earned insurance money. Recounting the incident in his own words, Malo said he had just withdrawn Rs 1,45,000 from the ICICI Bank, Jogighopa branch, and was heading home on his bicycle. “I was going home normally. Suddenly, two men came on a bike from behind. Before I could understand anything, they snatched my bag and sped away,” Malo said. He added that the force of the snatching caused him to lose balance and fall from his bicycle. “I fell on the road. By the time I got up, they were already gone,” he said. The stolen bag contained not only the cash but also his mobile phone, bank passbook, and Aadhaar card, making the loss even more severe. Following the incident, Malo lodged a complaint at Jogighopa Police Station. Police have registered a case and initiated an investigation to identify and apprehend the culprits. Also Read: Bikers snatch ornaments worth Rs 5 lakh in Silchar

In this briefing: India Opens the Vault: 100% FDI in Insurance Changes the Game Vodafone Idea: The End of AGR Chapter, What Next? MS-India Index Earning Revision (Apr): InterGlobe Aviation, Oracle Financial Services Software NIFTY Index Earning Revision (Apr): JIO Financial Services, InterGlobe Aviation, HDFC Bank Sun Pharmaceutical (SUNP IN): Organon Acquisition to Enhance Scale At the Cost of Growth 1. India Opens the Vault: 100% FDI in Insurance Changes the Game On May 2, 2026, the Finance Ministry gazetted 100% FDI in Indian insurance companies under the automatic route, completing a liberalization journey that began at 26% in 2000. With penetration at 3.7% of GDP against a global average of 7%, India's $142 billion sector remains structurally underserved and massively investible. The move triggers a wave of JV reassessments, raises competitive pressure on premium-priced incumbents, and compels a strategic re-rating across listed insurers. 2. Vodafone Idea: The End of AGR Chapter, What Next?

Indian conglomerate Reliance Industries reported a 14.3% rise in profit while Jio’s profit grew 12.8% 

From banking to beverages, Nirmal Bang’s Diwali portfolio highlights eight stocks poised for durable growth.

Analyst notes that housing loans may gain, while unsecured and MSME exposures face higher provisions.