Business
Sensex, Nifty slide as crude oil, Gulf tensions rattle investors
Sensex closed 382.62 points lower at 76,132.81 and Nifty settled at 23,779.15 on Monday, as rising crude oil prices and US-Iran tensions weighed on investor sentiment.
The Sensex and Nifty slid on Monday as rising crude oil prices and Gulf tensions rattled investors through the session.
The Sensex closed at 76,132.81, down 382.62 points from Friday’s 76,515.43, while the Nifty settled at 23,779.15, down 118.55 points from 23,897.70.
The US-Iran standoff around the Strait of Hormuz has kept crude prices elevated, a key concern for oil-importing economies like India.
Expectations of another Federal Reserve rate hike, following stronger US jobs data, also weighed on the broader market mood.
Stronger-than-expected US jobs data released over the weekend increased expectations that the Federal Reserve could raise interest rates again, further denting risk appetite in emerging markets including India.
The Nifty had struggled to sustain above the 24,000 mark in recent sessions, facing technical resistance near 24,025 even before Monday’s decline.
Both benchmark indices had closed higher in the previous session on Friday, with the Sensex at 76,515.43 and the Nifty at 23,897.70, before Monday’s reversal.
Bank Nifty and other rate-sensitive indices also traded weak through the session, tracking the broader risk-off mood among investors.
Market participants said they would watch upcoming US Federal Reserve commentary and further developments in the Gulf region for cues on near-term direction.
Brent crude approached $97 a barrel during the session, its highest level in months, as the escalating US-Iran standoff around the Strait of Hormuz raised fears of supply disruption from the Gulf.
IT stocks were the worst-hit sector, since higher US interest rates weigh on Indian technology firms that generate a large share of their revenue from American clients.
Oil-sensitive sectors including aviation, paints, tyres and logistics also came under pressure as elevated crude prices raise input and fuel costs for these industries.
Foreign institutional investors were net sellers in Indian equities during the session, adding to the downward pressure alongside the global cues.
Bombay Stock Exchange building, Mumbai, Wikimedia Commons, CC BY 2.0
Business
Tata Aeris deliveries begin October 11
Tata Motors launched the Aeris sedan on September 26, priced from Rs 5.29 lakh, replacing the Tigor with reworked styling, a 10.25-inch touchscreen and ventilated front seats; deliveries begin October 11.
Tata Motors will begin deliveries of the new Aeris sedan on October 11, 2026.
The car was launched on September 26, priced from Rs 5.29 lakh.
It replaces the Tigor, with the base variant priced Rs 40,000 lower.
The Aeris offers 419 litres of boot space.
It features a 1.2-litre petrol engine with manual or AMT transmission options.
The car retains the Tigor’s notchback roofline but gets reworked styling, including a slim gloss-black grille and rectangular LED headlamps.
It also gets wheel arch cladding, a sharkfin antenna, and connected LED taillamps similar to the Tata Curvv.
The cabin borrows its theme from the refreshed Tiago, with a lighter beige and cream interior.
Key features include a 10.25-inch touchscreen with wireless Android Auto and Apple CarPlay.
Other features include automatic climate control, ventilated front seats, a wireless phone charger and cruise control.
Higher variants add a 360-degree camera and a built-in dashcam.
Standard safety features include six airbags, three-point seatbelts for all occupants, and rear parking sensors.
The Aeris is powered by a 1.2-litre naturally aspirated petrol engine producing 86 PS, paired with a 5-speed manual or AMT.
A CNG variant producing 76 PS is also available.
The car offers 419 litres of boot space.
Tata Motors positions the Aeris in India’s compact sedan segment, which competes on price, space and features.
The Tigor had been on sale in India for several years before being replaced by the Aeris.
Tata Motors sells vehicles across hatchback, sedan, SUV and electric vehicle segments in India.
The Curvv, whose taillamp design has influenced the Aeris, is a newer coupe-SUV model in Tata’s line-up.
Compact sedans in India are typically judged on a combination of fuel efficiency, boot space and in-cabin technology.
Tata Motors launched the Aeris sedan on September 26, 2026.
Prices start at Rs 5.29 lakh, ex-showroom Delhi, for the base ‘Smart’ petrol variant.
Tata sedan (representative image), Wikimedia Commons, CC BY 2.0
Business
India’s four mega ports: Full list and criteria explained
India notified its first four ‘mega ports’ under the Indian Ports Act 2025: Mundra, Deendayal (Kandla), Jawaharlal Nehru Port and Paradip, based on cargo-handling thresholds, with the classification effective from September 25.
India’s four newly notified mega ports are Mundra, Deendayal (Kandla), Jawaharlal Nehru Port and Paradip.
The classification requires ports to handle at least 150 million tonnes of bulk cargo or 7.5 million TEUs of container traffic annually.
It was introduced under Section 73 of the Indian Ports Act, 2025.
The notification took effect from September 25, 2026.
It is the first such classification introduced in India.
The five-year classification is based on annual cargo-handling thresholds of 150 million tonnes for bulk ports or 7.5 million TEUs for container ports.
Mundra Port, operated by Adani Ports and Special Economic Zone, is the only privately owned facility among the four.
The other three mega ports are government-run facilities.
Paradip Port is the only mega port on India’s east coast among the four notified.
This is the first time India has introduced a mega port classification, following the enactment of the Indian Ports Act, 2025.
Jawaharlal Nehru Port, located at Nhava Sheva near Mumbai, is one of India’s busiest container ports.
Deendayal Port, formerly known as Kandla Port, is located in Gujarat.
The mega port classification is expected to be reviewed periodically based on cargo-handling performance.
India’s port sector has seen significant private and public investment in recent years as trade volumes have grown.
The Indian Ports Act, 2025, replaced an older colonial-era law governing port administration in the country.
Cargo-handling capacity at major Indian ports has expanded steadily over the past decade.
Container throughput and bulk cargo volumes are commonly used indicators of a port’s scale and economic significance.
India’s coastline spans both the western Arabian Sea coast and the eastern Bay of Bengal coast, served by different major ports.
The Ministry of Ports, Shipping and Waterways is the central government body responsible for port sector policy and regulation.
India’s Ministry of Ports, Shipping and Waterways notified four ports as the country’s first ‘mega ports’.
Mundra Port, Gujarat (representative image), Wikimedia Commons, CC BY-SA 3.0
Business
OECD’s India growth forecast: From 6.3% to 7.1%
The OECD raised its FY27 growth forecast for India to 7.1%, up 80 basis points from its June estimate of 6.3%, citing resilient domestic demand and government policies that shielded households and firms from higher energy prices.
The OECD raised its FY27 growth forecast for India from 6.3% in June to 7.1% in September 2026.
That is an increase of 80 basis points.
Resilient domestic demand and government energy-price policies were cited as key drivers.
The report is part of the OECD’s periodic Economic Outlook series.
India remains among the world’s faster-growing large economies.
The OECD’s Economic Outlook reports are published periodically and cover growth projections for major global economies.
India has been among the faster-growing large economies globally in recent years.
Separately, Union Petroleum and Natural Gas Minister Hardeep Singh Puri said India is expected to account for nearly 25% of global energy demand growth over the next two decades.
Domestic demand, including consumption and investment, has been a consistent driver of India’s growth story.
Forecast upgrades of this kind are often watched closely by investors and policymakers as a signal of economic momentum.
The OECD is an intergovernmental organisation with 38 member countries that publishes regular economic analysis and forecasts.
India’s growth forecasts from various international agencies have varied through 2026 based on differing assumptions about global trade and energy prices.
A higher growth forecast can influence investor sentiment and capital flows into an economy.
The Indian government has periodically highlighted forecast upgrades from international agencies as validation of its economic policies.
Other multilateral agencies, including the IMF and World Bank, also publish periodic growth forecasts for India and other major economies.
GDP growth forecasts are typically revised as new economic data, such as quarterly output and inflation figures, becomes available.
India’s fiscal year runs from April to March, with FY27 referring to the year beginning April 2026.
Basis points are a standard unit used in finance and economics, with 100 basis points equal to one percentage point.
Global energy prices have been a significant factor in inflation and growth trends across many economies in recent years.
Bombay Stock Exchange building, Mumbai (representative image), Wikimedia Commons, CC BY 2.0
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