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Stock markets drop in early trade on surging oil prices, war escalation fears

A screen displays an image of U.S. President Donald Trump at the Bombay Stock Exchange (BSE) in Mumbai, India. (Photo: Reuters

Mumbai, Apr 6 (PTI) Benchmark indices Sensex and Nifty declined in early trade on Monday as crude oil prices climbed amid fears of further escalation in the West Asia the war. Relentless foreign fund outflows also dented markets’ sentiment. The 30-share BSE Sensex declined 270.13 points to 73,049.42 in early trade. The 50-share NSE Nifty dropped 93.60 points to 22,619.50. Later, the BSE benchmark traded 509.77 points lower at 72,822.60, and the Nifty quoted 141.20 points down at 22,571.90. From the 30-Sensex firms, Reliance Industries, Kotak Mahindra Bank, Sun Pharma, InterGlobe Aviation, Adani Ports and ICICI Bank were among the major

Rupee gains 33 paise to 92.85 against US dollar in early trade

A man counts Indian rupee currency notes inside a shop in New Delhi, India. (Photo: Reuters)

Mumbai, Apr 6 (PTI) The rupee gained 33 paise to 92.85 against the US dollar in early trade on Monday, following RBI’s tightened rules to curb speculative positions, capping banks’ net open positions at USD 100 million, even as global developments continued to act as a risk. Forex traders said the domestic unit continued to reel under pressure due to unabated withdrawal of foreign capital, a strengthening dollar, and rising crude oil prices amid a volatile geopolitical situation. At the interbank foreign exchange, the local unit opened at 93.13, then gained further ground to touch 92.85 against the greenback, up 33

India retail vehicle sales jump 25.3% in March, dealers flag near-term West Asia supply risks

April 6 (Reuters) – India’s auto dealers warned of ​possible supply disruptions ‌in the near term, from the ​West Asia conflict, ​even as Indian retail ⁠vehicle sales ​rose 25.28% in March, ​closing the financial year on a strong ​note on sustained ​momentum from tax cuts ‌that ⁠improved affordability, the Federation of Automobile Dealers Associations (FADA) said ​on ​Monday. Passenger ⁠vehicle sales rose 21.48% year-over-year ​in March, ​while ⁠two-wheeler sales rose 28.68% and commercial ⁠vehicle ​sales rose ​15.12%, FADA said.

Asian shares mostly gain while oil prices keep rising

TOKYO, April 6, 2026 (AP) — Asian markets that were open for trading mostly rose Monday, as investors continued to closely watch the war in Iran, soaring oil prices and what President Donald Trump might say next. Japan’s benchmark Nikkei 225 rose nearly 1.1% to 53,692.42 in morning trading. South Korea’s Kospi gained 1.5% to 5,460.24. Trading was closed in Australia for Easter, and in Hong Kong and Shanghai for a traditional Chinese holiday. The Tuesday deadline Trump has given for Iran to open the Strait of Hormuz is looming. Some analyst fear the war may escalate after that. Over

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