Topic
early trade
BSE Sensex Plunges Over 600 Points, Nifty50 Slips Below 24,050 as Pharma Stocks Tumble on Trump Tariff Plan
Indian equity markets opened sharply lower on Wednesday, with the BSE Sensex dropping 611.02 points to 76,859.09 and the Nifty50 slipping below 24,050. The decline was driven by a slump in pharmaceutical stocks following US President Donald Trump's announcement of a phased tariff plan on imported generic medicines, elevated crude oil prices, and selling in banking stocks. The Nifty Pharma index fell nearly 2%, with major pharma stocks declining 2–2.5%.
Rupee Slips 6 Paise Against US Dollar in Early Trade, No Further Details Released
The Indian rupee weakened by 6 paise against the US dollar in early trade on July 21, 2026, as per a Business-Today article. The report contained no additional context, prior close, or market drivers.
Rupee Rises 14 Paise as Dalal Street Rally Offsets Geopolitical Headwinds
The Indian rupee strengthened 14 paise to 96.28 against the US dollar in early trade on Friday, supported by a rally in equity markets. However, gains were limited by sustained foreign fund outflows, firm crude oil prices, and escalating Middle East tensions. The dollar index edged up 0.02% to 100.78, while Brent crude rose 0.39% to $84.83 per barrel.
Rupee recovers 15 paise to 95.28 against US dollar in early trade
The Indian rupee opened stronger at 95.33 and touched 95.28 against the US dollar in early Tuesday trade, recovering 15 paise from the previous session's close of 95.43. Gains followed Saudi Arabia's record USD 11 per barrel cut in Asia oil prices and reduced Middle East risk premium.