The domestic share market pared early gains on Friday amid profit booking at higher levels and surging crude oil prices.

India may eventually have to raise petrol and diesel prices if the ongoing West Asia crisis persists for a prolonged period, RBI Governor Sanjay Malhotra said,

The domestic share market indices ended higher on Thursday,amid profit booking at higher levels on the Sensex expiry day.

India’s wholesale price inflation rose sharply to 8.3 per cent in April 2026 on an annual basis, mainly driven by a steep rise in fuel, crude oil, mineral oils and manufactured product prices.

The government on Wednesday sharply raised import duties on gold and silver to 15 per cent from 6 per cent,.

U.S. consumer inflation in April to its highest annual level in nearly three years, has raised fresh concerns not only for the American economy but also for countries such as India that remain heavily dependent on crude oil imports.