The dollar faced pressure, nearing a weekly decline as Trump’s Fed nominee fueled expectations of a dovish replacement for Powell. Sterling held gains after a divided Bank of England rate cut. Meanwhile, the euro gained ground amid optimism surrounding potential U.S.-Russia talks, influencing currency markets as investors monitor geopolitical developments.
Market Wrap: Sensex falls 142 points, Nifty holds 23,900; HDFC Bank shares tumble 3%
Indian stock market closed in the red, with benchmark indices Sensex and Nifty falling up to 0.2% as Iran-US tensions simmered and rupee declined. Broader
May 27, 2026