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Sensex, Nifty rebound in early trade tracking recovery in global markets

Mumbai, Jun 9 (PTI) Benchmark indices Sensex and Nifty rebounded in early trade on Tuesday in-tandem with a recovery in global equity markets and easing of hostilities between Israel and Iran. After falling sharply in the previous trade, the 30-share BSE Sensex climbed 350.57 points to 73,874.83 during early deals. The 50-share NSE Nifty went up by 114.50 points to 23,237.50. From the 30-Sensex firms, Trent, ICICI Bank, InterGlobe Aviation, Axis Bank, Mahindra & Mahindra and Bajaj Finserv were among the major winners. NTPC, Tata Steel, Infosys, Power Grid and Tech Mahindra were among the laggards. Brent crude, the global

Indian economy, government finances, see mounting costs from Iran war

NEW DELHI, June 9 (Reuters) – A few months ago, India’s economy was humming along nicely. Inflation was benign and growth was steady – the strongest among the world’s leading economies. Now, India is increasingly counting the cost of the Iran war, which ​economists say will keep mounting if the deadlock between the U.S. and Iran remains unresolved and the blockage of oil supplies continues. As the world’s third-largest oil importer and consumer, India ‌ships in about 90% of its oil, making its economy one of the most-exposed to the war and the prolonged war-related disruptions, which include the effective

Israel and Iran trade strikes, threatening to drag the region back into full-scale war

DUBAI, United Arab Emirates, June 8, 2026 (AP) — Israel and Iran traded fire Monday in their first attacks since the U.S. struck a ceasefire with Tehran two months ago. The Iranian military said hours later that it was halting offensive operations as the renewed hostilities threatened to drag the Middle East back into a full-scale war. The U.S. told Iran there would be no more attacks by Israel if Iran halted its missile strikes, and that Israel has agreed to halt attacks for now, according to a regional official who spoke on condition of anonymity because they were not

Gold slips below Rs 1.59 lakh/10g amid fresh West Asia tensions

New Delhi, Jun 8 (PTI) Gold prices fell Rs 1,100 to Rs 1.58 lakh per 10 grams in the national capital on Monday, as investors dumped precious metals amid rising crude oil rates following fresh escalating tensions in West Asia. According to local marketmen, the price of gold of 99.9 per cent purity declined by Rs 1,100 to Rs 1,58,800 per 10 grams (inclusive of all taxes) from Friday’s closing level of Rs 1,59,900 per 10 grams. Silver also remained under intense selling pressure, plunging Rs 5,000 to Rs 2,55,700 per kg, extending losses for the fourth consecutive session. The

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