Uncertainty stemming from the US-Iran conflict has significantly impacted India's mutual fund industry, leading to a sharp decline in new fund offers (NFOs) in March, despite numerous regulatory approvals. This geopolitical tension, coupled with existing market strain and distributor hesitation, has dampened investor sentiment and affected overall inflows.
Prime Minister Narendra Modi spoke with Israeli Prime Minister Benjamin Netanyahu to discuss the escalating situation in West Asia, conveying India's concerns and emphasizing the importance of civilian safety. The conversation follows recent attacks and heightened tensions in the region.
Italy has denied the United States the use of the Sigonella military base for flights heading to West Asia, citing a lack of consultation and concerns over the nature of the flights. This decision reflects Italy's stance on avoiding escalation in the region, as Prime Minister Giorgia Meloni's government emphasises its desire to stay out of war.
On Saturday, April 11, 2026, Pakistan is set to host crucial US-Iran talks aimed at solidifying a fragile ceasefire and de-escalating tensions in the Middle East.
India, the world's third biggest oil consumer, meets more than 80 per cent of its oil needs through imports.
Brent crude prices surged sharply on Monday, rising by more than 25 per cent to $116.5 per barrel, amid the ongoing conflict in West Asia, which has made crude prices bullish.
India's market landscape is undergoing significant shifts, with bank-backed brokerages potentially regaining dominance over discount platforms due to regulatory changes and increased taxes, while the IPO pipeline faces a slowdown amid heightened global volatility.
'PM Modi is trying to reduce the volume of fuel consumed instead of raising prices sharply.'
Indian benchmark indices Sensex and Nifty closed lower in a volatile session due to profit-taking in banking and financial shares, despite earlier gains driven by easing geopolitical tensions. Analysts suggest investors remain cautious and are not aggressively chasing the recent rally.
Top government sources in India have dismissed claims that the Indian Navy provided intelligence to the US regarding an Iranian frigate that was sunk by a US submarine.
Benchmark indices Sensex and Nifty experienced a significant decline, falling over 1 per cent due to foreign fund outflows and global uncertainties.
Pakistan's Foreign Minister Ishaq Dar met with his counterparts from Egypt and Turkiye in Islamabad ahead of a quadrilateral summit, including Saudi Arabia, to discuss the ongoing conflict in West Asia and explore avenues for peace.
The US embassy in Saudi Arabia and the US consulate in Dubai were reportedly targeted by suspected Iranian drone attacks amid heightened tensions in the Middle East following US and Israeli strikes on Iran.
Benchmark Sensex tumbled 1,236 points or 1.5 per cent while Nifty closed near 25,450 on Thursday following an across-the-board sell-off amid escalating geopolitical tensions between the US and Iran.
Pakistani Prime Minister Shehbaz Sharif has briefed Saudi Crown Prince Mohammad bin Salman on Pakistan's diplomatic efforts to de-escalate the situation in West Asia. This follows Pakistan's offer to host talks between the US and Iran to resolve the ongoing conflict.
The Indian rupee plummeted to an all-time low of 95.80 against the US dollar, settling at 95.66, driven by elevated crude oil prices and escalating geopolitical tensions in West Asia, despite potential RBI intervention and import curbs on gold.
Israel extends nationwide restrictions and warns citizens of potential attacks from Iran and Hezbollah, with the Home Front Command maintaining current guidelines until further assessment.
Amid escalating tensions in West Asia, the Indian government has established a control room to provide crucial support and assistance to the nearly one crore Indian citizens residing in the region.
Pakistan's Prime Minister Shehbaz Sharif contacted Saudi Crown Prince Mohammed bin Salman to express solidarity amidst escalating regional tensions following attacks in Iran and the Gulf region.
Israeli Prime Minister Benjamin Netanyahu on Thursday called for the opening of direct negotiations with Lebanon, as tensions persist along the border despite a two-week ceasefire aimed at halting hostilities in West Asia.
Precious metal prices, particularly gold and silver, experienced a significant surge in the national capital as investors sought safe-haven assets amid escalating hostilities in the Middle East.
InterGlobe Aviation (IndiGo) is experiencing significant financial pressure, with its stock falling 18 per cent since the start of the Iran war, due to rising Brent crude prices, a weakening rupee, and disruptions to its West Asia and European flight networks caused by geopolitical tensions.
The parents of Jerin George, a native of Haripad in Kerala, have appealed to authorities to help bring their son home after he became stranded on an Iranian ship due to the conflict in West Asia.
India's fertiliser subsidy bill for the current financial year (FY27) is projected to increase by approximately 20% due to surging global prices, primarily driven by the West Asia crisis, a senior official confirmed. Despite this, retail prices for urea and di-ammonium phosphate (DAP) will remain unchanged, ensuring adequate supply for the kharif season.
Indian-flagged vessels are navigating the Strait of Hormuz safely despite ongoing tensions in the region, ensuring the continued flow of vital energy supplies to India.
'The White House lunch that Trump hosted for Munir last year came just after Munir returned from a visit to Iran, at a moment when Israel and Iran were at war.' 'Trump said after that lunch that the Pakistanis know Iran very well. He likely views Munir as a useful interlocutor that can give helpful insights on Iran.'
Indian stock markets tumbled sharply with the Sensex falling 800 points and nearly 4 lakh crore wiped out in a single session. Here are the 6 key factors, including rupee weakness and global cues, behind the crash.
Benchmark indices Sensex and Nifty tumbled in early trade on Friday after a two-day rally, tracking a weak trend in global peers, as the US-Iran conflict continues to be a key overhang for the markets. Track Sensex, Nifty50 movement and key market drivers for March 27, 2026.
Indian benchmark indices Sensex and Nifty experienced volatility due to conflicting developments in West Asia, including reports of the Strait of Hormuz closure, which led to a rebound in crude oil prices and heightened investor concerns about supply disruptions and inflation.
The Trump administration has announced a temporary authorisation for countries to purchase Russian oil stranded at sea, aiming to stabilise global energy markets amid rising oil prices and tensions with Iran.
An Indian national sustained injuries from shrapnel after a drone was intercepted by the UAE's air defence system. This incident follows similar events involving injuries and fatalities to Indian nationals in the region due to intercepted missiles and drones.
India has expressed strong concerns over attacks on commercial ships in the Strait of Hormuz, citing its importance to India's energy and economic security. Ambassador Yojna Patel highlighted the need to respect international law and ensure the safety of seafarers, while also addressing broader Middle East issues including the situation in Gaza and Lebanon.
The Indian government has reduced excise duty on petrol and diesel to mitigate the impact of rising global crude prices, triggered by geopolitical tensions in the Middle East. This move aims to provide relief to consumers and oil companies amidst volatile international oil markets.
The International Cricket Council (ICC) has postponed its three-day meeting scheduled for March 25-27 in Doha, Qatar, due to the ongoing conflict involving the US, Israel, and Iran. The meeting has been rescheduled for next month at a location within the same continent.
Initial reports suggested that shrapnel caused significant damage to the structure; however, no direct missile impact was reported.
President Trump asserts the US military has decimated Iran's forces and no longer requires assistance from NATO allies to secure the Strait of Hormuz, despite earlier requests for support.
'Markets never fully lose hope. But an important shift could come if the Strait remains closed -- moving from high prices to no prices.'
Prime Minister Narendra Modi has begun a six-day tour of the UAE, the Netherlands, Sweden, Norway and Italy to strengthen bilateral relations amid geopolitical challenges. The trip will focus on energy security, trade, and technological cooperation.
Amidst the ongoing conflict in West Asia, the Oil Ministry assures citizens that India's LPG supply remains secure, with no need for panic booking of cylinders. The normal delivery cycle of two-and-a-half days is being maintained, and crude oil is being sourced from diverse routes.
Pakistan's Foreign Minister Ishaq Dar has called for dialogue to address the ongoing conflict in West Asia, emphasising the importance of diplomatic engagement and sustained efforts to promote peace and stability in the region.
