BL Morning Report May 11, 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.

 C Joseph Vijay sworn in as Tamil Nadu CM, promises ‘real social justice’ and transparency

A new political era began in Tamil Nadu as C. Joseph Vijay took oath as Chief Minister in Chennai along with a nine-member cabinet.Vijay promised a government focused on social justice, women’s safety, transparency, and tackling drug abuse, while announcing free electricity benefits, anti-drug squads, and a women’s protection force among his first decisions. He also highlighted the State’s debt burden and promised a white paper on finances.

Mamata urges opposition parties to form ‘joint platform’ against BJP

Next up, Mamata Banerjee has called for a united opposition front in West Bengal after the BJP’s victory in the Assembly elections. The All India Trinamool Congress chief urged Left parties, student unions, NGOs, and national opposition groups to come together against the BJP, alleging attacks on TMC workers following the results. The BJP formed its first government in the state after winning 207 of the 294 Assembly seats, while the TMC secured 80 seats.

Private sector capex surges 67% to ₹7.7 lakh crore in first half of FY26: CII

In industry and the economy, Confederation of Indian Industry said private sector capital expenditure jumped 67 percent in the first half of FY26 to ₹7.7 lakh crore, signalling a strong revival in India’s investment cycle. Manufacturing sectors such as metals, automobiles, and chemicals led the growth, while services investment was driven by trading, communications, and IT/ITeS. The industry body also proposed a five-point action plan amid the West Asia crisis, including phased rollback of fuel excise cuts, energy conservation measures, quicker MSME payments, stronger domestic supply chains, and front-loaded private investment.

Assam: Himanta Biswa Sarma elected NDA leader, set to return as CM on May 12

In state politics, Himanta Biswa Sarma was unanimously elected leader of the BJP-led NDA in Assam, paving the way for his second consecutive term as Chief Minister. The NDA secured a two-thirds majority in the Assembly elections, with the BJP winning 82 seats and allies Asom Gana Parishad and Bodoland People’s Front winning 10 seats each in the 126-member House. Sarma said the alliance would soon meet the Governor to stake claim to form the government, with the swearing-in ceremony scheduled for May 12.

Script & VO: Prethicshaa Gurumoorthy

Published on May 11, 2026