Market Report- Markets trade lower. Rupee hits new low

Indian equities slipped in early trade amid surging crude oil prices, a record-low rupee, and ongoing geopolitical tensions. Investors are also cautious ahead of key inflation data and are monitoring corporate earnings. At 9.28 am, Sensex slipped by 0.86% or 666 points to 75,347. The Nifty dipped by 0.73% or 174 points to 23,642.

Crude Oil -

Brent crude prices surged nearly 4% to around $105 per barrel.

Rupee Check-

Rupee hits record low of 95.50 against US Dollar. Rupee opened at record low of 95.50/$ Vs. May 11, 2026, close of 95.31/$.

FII Outflow -

Continued foreign institutional investor outflows are pressuring equities.

Global Update-

Asia markets trade mixed as investors weigh Trump's ceasefire warning.

European markets ended higher on May 11, as Iran's peace talks stall, defence stocks slide.