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Stock markets extend winning run to 3rd day; Sensex, Nifty climb nearly 1 pc

Mumbai, Mar 18 (PTI) Stock market benchmark indices Sensex and Nifty ended nearly 1 per cent higher on Wednesday, extending their winning run to the third day in a row, amid a slight drop in crude oil prices and a firm trend in global peers. A rally in IT stocks also led to the optimistic trend in the domestic markets. The 30-share BSE Sensex jumped 633.29 points or 0.83 per cent to settle at 76,704.13. During the day, it soared 929.38 points or 1.22 per cent to 77,000.22. The 50-share NSE Nifty surged 196.65 points or 0.83 per cent to

Iran seeks compensation from UAE over US strikes on its territory, UN ambassador letter says

DUBAI, March 19 (Reuters) – Iran seeks compensation from the ​United Arab Emirates, ‌accusing it of enabling U.S. attacks against Iranian ​territory, Iran’s U.N. ​Ambassador told the UN ⁠Secretary General in ​a letter according to ​a Nournews report published on Thursday. In the letter, ​Amir Saeid Iravani ​said the UAE’s decision to ‌allow ⁠its territory to be used for the strikes constituted “an internationally ​wrongful act ​that ⁠entailed state responsibility.” Tehran said the ​UAE had an ​international ⁠responsibility to provide reparation, including compensation for ⁠all ​material and ​moral damages incurred.

Silver futures tumble Rs 9,031 to Rs 2.39 lakh/kg amid crude oil surge, Fed stance

New Delhi, Mar 19 (PTI) Silver futures tumbled by Rs 9,031 to Rs 2.39 lakh per kilogram on Thursday, marking the seventh straight session of losses, as rising crude oil prices and a hawkish US Federal Reserve outlook dampened investors’ sentiment. On the Multi Commodity Exchange, the white metal for the May delivery slumped by Rs 9,031, or 3.64 per cent, to Rs 2,39,163 per kilogram in a business turnover of 6,372 lots. Analysts said persistent inflation concerns, driven by elevated crude oil prices, have reduced safe-haven demand for precious metals by lowering expectations of near-term interest rate cuts by

How the law of naval warfare applies to the Strait of Hormuz

Kensington (Australia), Mar 19 (The Conversation) The Strait of Hormuz is a narrow body of water adjacent to Iran and Oman, which connects the Persian Gulf to the Gulf of Oman. While it is a shared body of water between Iran and Oman, Iran functionally exercises a greater amount of control over it. The strait is a vital conduit for the shipment of oil, gas and other exports (notably fertiliser) from the Persian Gulf to the rest of the world. At its narrowest point, it is just 21 nautical miles (24 miles or 39 kilometres) wide. With the ongoing conflict

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