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Metals, PSU banks drag markets down amid currency weakness and global uncertainty

Posted on May 1, 2026
By Business News Today
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1 min read

Metals, PSU banks drag markets down amid currency weakness and global uncertainty

Indian stocks and the rupee experienced a significant downturn on Thursday. Surging oil prices and rumors of potential military action against Iran impacted investor sentiment. Despite this, Indian markets saw their best April performance in 28 months. The Reserve Bank of India intervened to support the rupee. Markets will be closed on Friday for Maharashtra Day.