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BJP West Bengal win fails to lift markets as crude rupee and foreign selling hit Nifty bulls
Economy
Published on 5 May 2026
Crude and rupee move faster than election headlines
Even as BJP secured a West Bengal win, Indian equities slid sharply, with Sensex and Nifty falling after rising crude oil and a weakening rupee drowned out political optimism. Traders say global geopolitical pressures and continued foreign selling are now driving the market direction, leaving bulls focused on macro risks rather than election results.
- Sensex and Nifty fell despite the BJP election win
- Rising crude and a weaker rupee pressured investors
- Foreign selling and geopolitical risks are setting the tone
- Market momentum is shifting away from political cues
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times