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Stock markets tumble in early trade on Middle East conflict, foreign fund outflows

Mumbai, Mar 6 (PTI) Stock market benchmark indices Sensex and Nifty tumbled in early trade on Friday after a day’s breather amid persistent geopolitical conflict in the Middle East and relentless foreign fund outflows. Weakness in the US equities and subdued trend in Asian markets also dampened sentiments. The 30-share BSE Sensex tumbled 572.43 points to 79,443.47 in early trade. The 50-share NSE Nifty dropped 178.75 points to 24,587.15. From the Sensex pack, ICICI Bank, InterGlobe Aviation, Larsen & Toubro, HDFC Bank, UltraTech Cement and Tata Steel were among the major laggards. HCL Technologies, Tech Mahindra, Infosys, Tata Consultancy Services

US issues 30-day waiver allowing Indian refiners to purchase Russian oil amid Iran war

New York/Washington, Feb 6 (PTI) Amid the escalating conflict with Iran, the US said it is issuing a temporary 30-day waiver to allow Indian refiners to purchase Russian oil. “President Trump’s energy agenda has resulted in oil and gas production reaching the highest levels ever recorded. To enable oil to keep flowing into the global market, the Treasury Department is issuing a temporary 30-day waiver to allow Indian refiners to purchase Russian oil,” Treasury Secretary Scott Bessent said on Thursday. He said this “deliberately short-term measure” will not provide significant financial benefit to the Russian government, as it only authorises

Rupee gains 2 paise to 91.62 against US dollar in early trade

Mumbai, Mar 6 (PTI) The rupee stayed firm and gained 2 paise to 91.62 against the US dollar on Friday after the US announced a 30-day waiver for Indian refiners to purchase Russian oil, easing pressure on the global energy flow amid the ongoing war in West Asia. Forex traders said that the negative domestic equity markets and withdrawal of foreign funds resisted the rupee’s upward move despite a retreating American currency. Amid the escalating war involving the US, Israel and Iran, the American administration has announced a temporary 30-day waiver to allow Indian refiners to purchase Russian oil. Treasury

Trump fires US Homeland Security Secretary Noem after mounting criticism over her leadership

WASHINGTON, March 6, 2026 (AP) — US President Donald Trump on Thursday fired his embattled Homeland Security Secretary Kristi Noem, after mounting criticism over her leadership of the department, including the handling of the administration’s immigration crackdown and disaster response. Trump, who said he would nominate Oklahoma Republican Sen. Markwayne Mullin in her place, made the announcement on social media after Noem faced a two-day grilling on Capitol Hill this week from GOP members as well as Democrats. Noem’s departure marks a stunning turnaround for a close ally to the president who was tasked with steering his centerpiece policy of

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