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Sensex tumbles 645 pts on global sell-off, rising US bond yields; FMCG, IT shares major losers

Mumbai, May 22 (PTI) Benchmark Sensex declined by nearly 645 points while Nifty retreated to 24,600 level due to selling in IT, oil and FMCG shares amid a global equity rout triggered by surging bond yields and US debt concerns. The 30-share BSE Sensex tanked 644.64 points or 0.79 per cent to settle at 80,951.99 with 27 of its constituents ending lower. The index opened lower and tanked further 1,106.71 points or 1.35 per cent to hit a low of 80,489.92 during the day due to across-the-board selling. The NSE Nifty tumbled 203.75 points or 0.82 per cent to 24,609.70.

Rupee falls 37 paise to close at 85.96 against US dollar

Mumbai, May 22 (PTI) Rupee depreciated 37 paise to close at 85.96 (provisional) against the US dollar on Thursday, on dollar demand from importers and foreign banks as well as surge in crude oil prices. Forex traders said surging US bond yields are rattling global investors. Moreover, the narrowing yield differential between India and the US, is making Indian assets less attractive. Besides, elevated crude oil prices amid rising geopolitical tensions in the Middle East, further dented investor sentiments. At the interbank foreign exchange market, the rupee opened at 85.59 then touched an intra-day high of 85.58 and a low

“PM should answer, he is diverting attention”: Jairam Ramesh on Trump made eight claims of brokering cessation of hostilities between India-Pak

New Delhi [India], May 22 (ANI): Congress General Secretary Jairam Ramesh on Thursday questioned Prime Minister Narendra Modi for not refuting US President Donald Trump’s repeated claims of brokering the understanding of hostilities between India and Pakistan. Speaking with ANI, Jairam said that Trump has made these claims eight times in the last eleven days, questioning PM Modi, External Affairs Minister S Jaishankar, and others’ ‘silence’. ‘In the last 11 days, US President Trump has repeated 8 times that he convinced India and enabled the ceasefire… But his friend, PM Modi, is quiet. Our foreign minister is quiet. The American

Kashmir tourism bears the brunt after tourist massacre and India-Pakistan military strikes

SRINAGAR, India, May 22, 2025 (AP) — There are hardly any tourists in the scenic Himalayan region of Kashmir. Most of the hotels and ornate pinewood houseboats are empty. Resorts in the snowclad mountains have fallen silent. Hundreds of cabs are parked and idle. It’s the fallout of last month’s gun massacre that left 26 people, mostly Hindu tourists, dead in Indian-controlled Kashmir followed by tit-for-tat military strikes by India and Pakistan, bringing the nuclear-armed rivals to the brink of their third war over the region. “There might be some tourist arrivals, but it counts almost negligible. It is almost

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