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Markets halt 5-day rally on ceasefire uncertainty; Sensex tumbles over 900 pts amid global weakness

Mumbai, Apr 9 (PTI) Equity benchmark indices Sensex and Nifty buckled under heavy selling pressure to close with deep cuts on Thursday after investors pared exposure to financial, banking, and IT stocks as renewed tensions in West Asia faded the ceasefire-led optimism. Weak trends in Asian and European markets, a jump in crude oil prices and uninterrupted foreign fund outflows also made investors jittery in the domestic market. Snapping its five-session winning run, the 30-share BSE Sensex dropped 931.25 points or 1.20 per cent to settle at 76,631.65. During the day, it dived 1,215 points or 1.56 per cent to

India grants waivers for some ships to deliver Iran cargoes, sources say

India grants waivers for some ships to deliver Iran cargoes, sources say

New Delhi, April 9 (Reuters) – With a view to speeding delivery of energy supplies from the Gulf, India recently granted waivers to allow two Iranian cargoes aboard an older ​tanker and another under international sanctions to enter its ports, ​two officials familiar with the matter said. The world’s No.2 ⁠importer of liquefied petroleum gas (LPG), India is facing its worst gas crisis ​in decades, with the government rationing supplies to industry to ensure ​households are supplied with the cooking gas. India recently permitted the LPG tanker Aurora to dock in the southern port of Mangalore despite it being about

Ceasefire in the Iran war teeters in the face of disagreements over Lebanon and the Strait of Hormuz

DUBAI, United Arab Emirates, April 9, 2026 (AP) — A tentative ceasefire in the Iran war staggered Thursday under the weight of Israel’s intense bombardment of Beirut, Tehran’s continued chokehold on the Strait of Hormuz, and uncertainty over whether negotiators can find common ground on a range of other differences. Hours after the ceasefire was announced — amid disagreement over whether it included a pause in fighting between Israel and Hezbollah — Israel pounded Beirut with airstrikes, resulting in the deadliest day in the country since the war began on Feb. 28. Iran and the U.S. — which both declared

Trump warns of major war escalation if Iran peace process fails

WASHINGTON/DUBAI/TEL AVIV, April 9 (Reuters) – U.S. President Donald Trump vowed to retain military assets in the Middle East until a peace deal with Iran is reached ​and warned of a major escalation in fighting if it failed to comply, as oil prices rose on concerns over supply and restrictions in the Strait of Hormuz. Trump said in a ‌social media post U.S. ships, aircraft and personnel with additional ammunition and weaponry would remain in place to destroy, if necessary, “a substantially degraded enemy”, but expressed confidence that a lasting deal would be agreed and followed. “If for any reason

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