BL Morning Report May 12, 2026: Get today’s top business news, market headlines about the Stock Market, Sensex & Nifty trends, key market insights, economic highlights, and the latest updates from India and global markets.

From a new political chapter in Tamil Nadu as C. Joseph Vijay takes oath as Chief Minister, to Mamata Banerjee calling for a united opposition front in West Bengal, a sharp surge in India’s private capex cycle led by industry optimism, and Himanta Biswa Sarma’s reaffirmation as NDA leader in Assam, here are today’s key political and economic stories you need to know.

Gold under pressure: What’s behind West Asia tensions & PM Modi’s remarks?

Let’s start with gold market movement this week. Gold prices slipped after last week’s rally as renewed West Asia tensions, elevated crude oil prices, and a stronger dollar weighed on sentiment. COMEX gold traded near $4,655–$4,700 per ounce, while silver hovered around $79–$81 as investors tracked US–Iran developments and Fed rate outlook. Analysts said Prime Minister Narendra Modi’s appeal to avoid non-essential gold purchases may soften short-term retail demand, but is unlikely to change India’s long-term gold consumption story.

Indian IT already adopting hybrid work and energy-saving measures: NASSCOM

Next up, in the IT sector response to global energy concerns, NASSCOM said companies already operate on hybrid work models, adjusting WFH and office work based on business needs. Amid Middle East tensions, firms have also stepped up energy-saving measures and remote work where feasible. While PM Narendra Modi urged a return to Covid-era WFH practices as an advisory, the industry said these steps are already part of its existing operational approach.

Shaktikanta Das proposes 7 strategies for India Inc

In domestic policy, Principal Secretary-2 to the Prime Minister Shaktikanta Das urged Indian industry to move from incremental progress to transformative action at the CII Annual Business Summit. He outlined seven strategies to tackle global volatility, including stronger balance sheets, supply chain diversification, workforce reskilling, and higher R&D investment. He said Indian industry must focus on bold action today to build resilient, globally competitive enterprises and position India for long-term growth.

West Bengal cabinet gives nod for land transfer to BSF for border fencing, rolling out Ayushman Bharat

In West Bengal, Chief Minister Suvendu Adhikari announced key Cabinet decisions including the transfer of land to the Border Security Force (BSF) for fencing along the India-Bangladesh border to curb illegal infiltration, with the process expected to be completed within 45 days. The government also cleared the rollout of the Centre’s Ayushman Bharat health insurance scheme and issued orders to begin census operations, which Adhikari said had been delayed.

Script & VO: Prethicshaa Gurumoorthy

Published on May 12, 2026