Indian benchmark indices, Sensex and Nifty, experienced a sharp decline at the close of trade, with the Sensex dropping 539 points and the Nifty falling below 24,100, primarily due to selling pressure in HDFC Bank and ongoing geopolitical uncertainties.
'If crude remains above $100 per barrel, with restricted retail-price increases, OMCs could face negative petrol and diesel marketing margins, higher LPG under-recoveries, higher crude-landing, freight and insurance costs, working capital and debt accumulation and inventory losses if crude subsequently corrects sharply.'
The benchmark Sensex plummeted 813 points to a three-month low, with the Nifty settling below 23,450, as escalating tensions in West Asia drove crude oil prices above USD 100 per barrel, leading to widespread selling in IT, FMCG, financial services, and oil & gas shares.
Analysts predict that the Indian stock market's sentiment this week will be primarily influenced by the domestic GDP data announcement, crude oil prices, and the crucial US non-farm payrolls report.
The Supreme Court has suspended the sentence of Hopeson Nignshen, a self-styled NSCN(M) "lieutenant", who was convicted for the abduction and killing of three Manipur government officials in 2009. Nignshen has been incarcerated for over 17 years, and his appeal is still pending. The suspension comes with the condition that he remains within Delhi until his appeal is disposed of.
Indian companies, including NBFCs, filed proposals to raise $7.696 billion through external commercial borrowings (ECBs) and foreign currency convertible bonds (FCCBs) in July 2026, a significant increase from $6.09 billion in June.
The Closing Auction Session (CAS) on expiry day led to unprecedented volatility in the Nifty 50 and Sensex, causing the indices to swing wildly in just 14 minutes and raising concerns among traders about market manipulation and increased speculation.
Indian Grandmaster R Praggnanandhaa secured another draw against GM Levon Aronian of the United States in the sixth round of the Sinquefield Cup, keeping him in joint second place with 3.5 points.
Indian equity benchmark indices Sensex and Nifty rebounded sharply in early trade, with the Sensex jumping over 530 points, tracking a broad-based rally in Asian markets after four consecutive days of decline.
India's total goods trade with BRICS nations more than doubled from FY21 to FY26, reaching USD 417.5 billion, but a significant surge in imports, particularly from China and Russia, has caused India's trade deficit with the bloc to more than triple, reaching USD 226.1 billion.
The Indian Centre has spent 37 per cent of its ~12.22 trillion capital expenditure target in the first four months of FY27, marking a 30 per cent year-on-year increase, while simultaneously keeping the fiscal deficit under control at 27 per cent of the Budget Estimate.
The first 'Kanda Express', a dedicated rail rake carrying 453.65 tonnes of onion from Nashik, Maharashtra, has arrived in Delhi to boost supplies and help rein in soaring prices, with the onion to be sold at a subsidised rate of Rs 35 per kg.
New Delhi is under a thick blanket of security as it hosts top world leaders for the BRICS Summit. Extensive security measures, including thousands of personnel and CCTV cameras, are in place. Commuters can expect temporary traffic restrictions and diversions due to VVIP movements, though officials aim to minimise public inconvenience.
India's junior men's hockey team began their AHF Junior Men's Asia Cup title defence with an overwhelming 14-0 victory against Indonesia in their opening Pool A match. Prabhdeep Singh scored five goals, while captain Anmol Ekka added four and Ajeet Yadav contributed a hat-trick, showcasing India's strong attacking prowess.
Iran's Islamic Revolutionary Guard Corps (IRGC) claims to have captured a US unmanned submersible near the Strait of Hormuz and launched ballistic missile strikes against a US airbase in Jordan and two US Navy destroyers. These actions are stated as retaliation for recent US attacks on Iranian oil tankers. The US Central Command (CENTCOM) had previously reported destroying Iranian crude oil carriers after IRGC missile attacks on US warships. The escalating tensions have led to regional air defence activations and warnings to tanker crews.
The Delhi Traffic Police has issued a detailed advisory regarding traffic restrictions and diversions during the upcoming BRICS Summit from September 12-13. While Delhi will not be shut down, commuters should expect temporary stoppages and diversions, especially on routes used by VVIP convoys. The advisory covers movement for residents, essential services, public transport, and advice for exam candidates and hospital visitors, urging reliance on official updates.
"When Royal Enfield turned 100, we were struggling for survival"
Shubman Gill, India's Test and ODI captain, celebrated his 27th birthday, marking a remarkable journey from a young prodigy to a dependable leader and cornerstone of the Indian batting line-up, with impressive records across all formats.
The second and final phase of urban local body elections in Rajasthan was marked by EVM-related glitches and voter issues, with a 57.38 per cent turnout recorded by 3 pm. Prominent leaders like Lok Sabha Speaker Om Birla, Chief Minister Bhajanlal Sharma, and former Chief Minister Ashok Gehlot cast their votes, while several incidents of disputes and alleged bogus voting were reported across various polling stations.
Sahil of Rajasthan broke the boys' 1,000m meet record at the 21st National Youth Athletics Championships in Ludhiana, clocking 2:25.25. Haryana's Dev also surpassed the previous record, securing silver. The event also saw other notable performances across various categories for both boys and girls under 18.
Thirty-five BJP MLAs were sworn in as ministers as part of an expansion of the Suvendu Adhikari-led cabinet in West Bengal. The oath-taking ceremony took place weeks after Adhikari was sworn in as chief minister.
BSP chief Mayawati has announced that her nephew Akash Anand has been "completely freed" from the party, following his father-in-law Ashok Siddharth's retirement from politics. Mayawati questioned Anand's commitment, suggesting his personal and family interests outweighed the party's, especially after his failure to repost her X post regarding Siddharth's retirement. This decision comes as the BSP prepares for the 2027 Uttar Pradesh Assembly elections.
Police investigations into the collapse of a five-storey PG building in Delhi's Satya Niketan reveal that three truckloads of debris were used to level the basement, and a crucial wall was removed on the ground floor shortly before the incident. Seven people died and five were injured. The building owner, labour contractor, and a PG operator have been arrested, while another operator is absconding. Concerns about building safety and unauthorised construction in the area have been raised.
Former England all-rounder Ben Stokes has signed with the Adelaide Strikers for the upcoming 2026-27 Big Bash League season.
PhonePe, at the Global Fintech Fest 2026, unveiled its strategic vision for the next decade, focusing on inclusive digital progress for individuals, households, and businesses across India. The roadmap details innovations in financial inclusion, wealth creation, credit access, and merchant solutions.
Vaidehee Chaudhari's impressive run at the ITF W35 tournament in Tumakuru ends in the semifinals after a loss to Justina Mikulskyte. Zeel Desai retires due to injury in her semifinal match. The doubles final was also affected by injury.
Delhi's draft electoral rolls show a significant reduction in voters, with affluent constituencies experiencing a higher percentage drop (37.4%) compared to areas with unauthorised colonies and Jhuggi-Jhopdi clusters (35.7%). Overall, 47.5 lakh voters have been excluded, with officials noting Delhi's exclusion rate is the highest among states undertaking Special Intensive Revision. Citizens have until September 30 to file claims and objections before the final roll is published on November 4.
A female cheetah named Nirva, part of India's reintroduction programme, was successfully rescued from Shivpuri district after an 11-day search. The 6-year-old South African cheetah had gone missing from Kuno National Park, and her satellite collar was malfunctioning. Forest officials, with local support, located and replaced her collar, confirming she is healthy.
India's automobile retail sales reached an unprecedented 24.23 lakh units in August, marking a 17.51 per cent year-on-year growth, with alternative fuels (CNG, hybrid, and electric) collectively surpassing petrol in the passenger vehicle segment for the first time.
Dewald Brevis smashed an unbeaten 75 off 32 balls as South Africa bounced back from their Namibia defeat, chasing Zimbabwe's 144 for eight with 38 balls remaining.
Bollywood's divas glam up August with unusual glamour.
England captain Joe Root expresses confidence in overcoming his recent batting slump, citing his extensive experience and over 14,000 Test runs as proof of his ability to navigate difficult periods. He also addressed the team's responsible celebration following their series win.
Iran's Islamic Revolutionary Guard Corps (IRGC) has claimed to have targeted and destroyed hangars of F-35 fighter jets and struck 21 American air and naval bases across West Asia and the Gulf region, including the US Army's command and control centre at the Al-Azraq base in Jordan and the US Fifth Fleet headquarters in Bahrain.
Passenger traffic Y-o-Y fell 26.8 per cent in April and 24.6 per cent in May, while capacity declined 9.6 per cent and 11.3 per cent, respectively.
A five-storey PG accommodation in Satya Niketan, South-West Delhi, collapsed, trapping numerous students and raising immediate concerns about building safety and construction standards in congested areas. Residents reported a "sudden tremor" and rushed to assist in rescue efforts, highlighting the precarious state of old buildings converted into student housing without proper maintenance or structural checks.
Krunal Pandya kept his India comeback hopes alive after missing the Afghanistan T20I squad, following a strong IPL season where he impressed with bat and ball.
Kaverappa's four-wicket haul gave South Zone control before they stumbled, while Mukesh and Sarkar struck three each to bowl Central Zone out, giving East Zone a strong start.
Former India T20I captain Suryakumar Yadav, who lost his spot in the national team after struggles with form and an inconsistent IPL season, has stated he is working hard for a comeback. The 35-year-old, a key player for Mumbai Indians, last played for India in Tests and ODIs in 2023.
Veteran politician Mirza Fakhrul Islam Alamgir has been sworn in as Bangladesh's 23rd President, following a contested parliamentary election that saw him defeat Colonel (retd) Oli Ahmed. Alamgir, a longtime secretary general of the ruling Bangladesh Nationalist Party (BNP), will serve a five-year term.
The Ministry of External Affairs reported that 275 Indians remain missing following devastating flash floods along the Nepal-Tibet border, while 166 others have been rescued. India has supplied 95 tonnes of relief material and deployed 54 personnel, including rescue and forensic experts, to assist Nepal. The death toll in Nepal has reached 1,295, with thousands still missing, and significant infrastructure damage reported. India has also highlighted the need for developed countries to lead in climate change action.
