Brief by Shorts91 Newsdesk / 11:14am on 09 Mar 2026,Monday Business
Rising tensions in the Middle East have erased about ₹31 lakh crore from Indian stock markets since the latest Iran war escalation on February 28. Data from the Bombay Stock Exchange shows the total market value of listed companies fell sharply during this period. On Monday alone, investor wealth worth about ₹12.78 trillion was wiped out. The BSE Sensex dropped 2,299 points to around 76,619. The NSE Nifty 50 fell more than 700 points to about 23,736. The sell-off comes as global crude oil prices surged above $110 per barrel. India imports about 85% of its oil. Analysts warn higher oil prices could raise inflation and pressure the economy. (PC: X)
