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Stock markets climb in early trade tracking global rally, decline in oil prices

Mumbai, Jun 16 (PTI) Benchmark indices Sensex and Nifty rallied in early trade on Tuesday, driven by a positive trend in global markets and cooling crude oil prices following a peace deal between the US and Iran. Fresh foreign fund inflows also added to the positive trend in the domestic market. The 30-share BSE Sensex climbed 272.87 points to 76,537.20 in early deals. The 50-share NSE Nifty went up by 69.15 points to 23,921.55. From the 30-Sensex firms, HCL Tech, Bajaj Finance, Bajaj Finserv, Hindustan Unilever, Tech Mahindra and Tata Consultancy Services were among the biggest winners. Axis Bank, Tata

Rupee rises 5 paise to 94.53 against US dollar in early trade

Mumbai, Jun 16 (PTI) The rupee appreciated 5 paise to 94.53 against the US dollar in early trade on Tuesday, as a sharp decline in oil prices and easing Middle East tensions have shifted the near-term bias in favour of the domestic unit. Forex traders said the immediate threat to global energy supplies has significantly reduced, following easing of tensions in the Middle East. Brent crude fell more than 6 per cent, moving closer to the USD 82 per barrel mark. For India, which imports nearly 90 per cent of its oil requirements, lower crude prices are often like a

Telangana CM asks party leaders to be cautious about SIR

Hyderabad, Jun 16 (PTI) Cautioning against taking SIR lightly, Telangana Chief Minister A Revanth Reddy on Monday suggested to the ruling Congress leaders to monitor the exercise at the booth-level. Reddy, who attended a video conference organised by the state Congress, said the voters lists for the 2028 Assembly elections would be finalised in October, 2026. Observing that nothing much can be done if voters names are removed during the exercise, he said key leaders should be in touch with Booth Level Officers in every village and every booth in the 119 assembly constituencies. The ministers incharge for districts should

Trump’s Iran deal greeted with skepticism and scrutiny on Capitol Hill

WASHINGTON, June 16, 2026 (AP) — Republicans on Capitol Hill said Monday they need more information about the agreement between the United States and Iran announced by President Donald Trump, and some are expressing skepticism as they ask the White House for details. The agreement announced Sunday to end the war in Iran, set for a ceremonial signing Friday in Geneva, is centered around reopening the Strait of Hormuz and lifting the United States’ naval blockade in the region, along with financial incentives for Iran if it meets certain benchmarks. But Senate Republicans and Democrats who returned to Washington on

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