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Sensex, Nifty bounce back as retreating crude oil prices buoy global sentiment

Mumbai, Mar 10 (PTI) Stock market benchmark indices Sensex and Nifty ended nearly 1 per cent higher on Tuesday after two days of massive decline, following a drop in crude oil prices and recovery in global peers amid indications that the West Asia crisis could end soon. The 30-share BSE Sensex jumped 639.82 points or 0.82 per cent to settle at 78,205.98. During the day, it surged 960.09 points or 1.23 per cent to 78,526.25. The 50-share NSE Nifty climbed 233.55 points or 0.97 per cent to end at 24,261.60. Brent crude, the global oil benchmark, tumbled 9.03 per cent

War with Iran delivers another shock to the global economy

WASHINGTON, March 10, 2026 (AP) — The war with Iran is doing collateral damage to the world economy. The conflict is driving up energy and fertilizer prices; threatening food shortages in poor countries; destabilizing fragile states such as Pakistan; and complicating options for the inflation fighters at central banks like the Federal Reserve. Causing much of the pain: Iran shut down the Strait of Hormuz — through which a fifth of world’s oil passes — after the U.S. and Israel launched missile strikes Feb. 28 that killed Iranian leader Ayatollah Ali Khamenei. “For a long time, the nightmare scenario that

US allies and rivals in Asia gauge fallout from war in the Middle East

SEOUL, South Korea, March 10, 2026 (AP) — As war spreads across the Middle East, U.S. rivals and allies in Asia are preparing for the consequences, which include possible economic shock and long-term security threats. Here’s a look at how the fighting in the Middle East is impacting the Koreas, Japan and China. North Korea At a major political conference last month, North Korean leader Kim Jong Un insisted the country’s decades-long pursuit of nuclear weapons was the “correct” choice, despite crippling isolation and scarce resources. The U.S.-Israeli attacks on Iran will only reinforce that belief. North Korea’s leadership likely

Rupee rebounds from all-time low, up 7 paise to 92.14 against US dollar in early trade

Mumbai, Mar 10 (PTI) The rupee rebounded from its all-time low in early trade on Tuesday, rising 7 paise to 92.14 as global oil prices fell after US President Donald Trump said the war with Iran may end soon. A weaker greenback and a strong opening at the domestic equity markets further supported the local unit while heavy FII outflows capped sharp gains, forex traders said. At the interbank foreign exchange, the rupee opened at 91.92 but fell to 92.14, up 7 paise from its previous close. The rupee crashed to its all-time closing low of 92.21 against the US

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