Business
Stock market crash today (March 12, 2026): Nifty50 opens below 23,600; BSE Sensex down over 900 points on continuing US-Iran war – The Times of India
Stock market crash today: Continuing the down trend, Nifty50 and BSE Sensex, crashed in opening trade on Thursday with the US-Iran war showing no signs of stopping and oil prices climbing again. While Nifty50 went below 23,600, BSE Sensex was down over 900 points. At 9:16 AM, Nifty50 was trading at 23,592.00, down 275 points or 1.15%. BSE Sensex was at 75,950.65, down 913 points or 1.19%.Market analysts are of the view that indices are likely to remain volatile as investors track developments in the West Asia conflict, fluctuations in crude oil prices and sustained overseas selling.Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “External headwinds have pushed the market into a weak zone. With the war continuing to rage with no signs of let up and Brent crude again bouncing back to $100 levels, the weakness is likely to persist. Even though DIIs are continuously buying in the market, DII buying is not helping the market to recover since FIIs are sustained sellers and show no signs of reversing their strategy in this uncertain global environment.” “For investors, markets can be very frustrating during certain times. This is one such time. The lesson from market history is that attitude and temperament are important in these trying times. Experiences from previous geopolitical conflicts tell us that markets bounce back smartly once the conflicts get over. Therefore, investors should remain invested and continue with systematic investment plans. Long term investors can use market weakness to slowly accumulate high quality bluechips across sectors. This is also the right time to churn portfolios in favour of high quality stocks.”Foreign portfolio investors continued to offload domestic equities, net selling shares worth Rs 6,267 crore during Wednesday’s session. Domestic institutional investors partly offset the pressure, emerging as net buyers to the tune of Rs 4,966 crore.US stocks ended lower on Wednesday as investors looked past a relatively mild inflation reading and instead focused on intensifying hostilities and the wider implications of the US-Israeli war on Iran.Asian stocks declined on Thursday, extending what has been a volatile week in global markets. A renewed rally in oil prices and increasing stress in the private credit market added to concerns among investors.Oil prices climbed in Asian trading even after authorities announced large releases of crude from strategic reserves aimed at easing prices following the Iran conflict.Meanwhile, gold prices edged lower on Thursday as a stronger US dollar weighed on the metal. (Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
Business
No fuel shortage: Govt assures 100% domestic LPG, PNG, CNG supply amid Hormuz energy crunch – The Times of India
Amid ongoing geopolitical tensions straining global oil supplies, the government has said that it is ensuring uninterrupted fuel availability across the country and is closely monitoring maritime safety in the Middle East.Reassuring citizens, the ministry of petroleum and natural gas said there has been no disruption in household LPG supply. “Domestic LPG cylinder deliveries remain normal against bookings with more than 53.5 lakh domestic LPG cylinders delivered yesterday,” it said.The ministry further urged people not to rush to fuel stations or stock up on supplies. It said, “Citizens are advised to avoid panic purchase of petrol, diesel and LPG as the Govt is making all efforts to ensure availability of petrol, diesel and LPG.”It further assured that essential services remain fully supported, stating, “100% supply is being made to Domestic LPG, Domestic PNG and CNG (Transport),” while supply management measures are being taken as needed.At the same time, the government pointed to changes in consumer behaviour in the energy sector. It said, “more than 39,000 PNG consumers surrendered their LPG connections via MYPNGD.in,” suggesting a gradual shift towards piped natural gas. It also noted a rise in auto fuel demand, adding that “avg. Auto LPG sale by PSU OMCs in the month of April-26 (till 17.04.26) is around 305 MT/day against the avg. of 177 MT/day during Feb-26.“On the maritime front, authorities confirmed that Indian shipping continues to move safely through the region despite risks. The Ministry of Ports, Shipping and Waterways said, “Indian-flagged crude oil tanker Desh Garima safely crossed the Strait of Hormuz on 18 April 2026,” adding that the vessel, carrying 31 Indian seafarers, is “expected to arrive at Mumbai on 22 April 2026.”However, it also acknowledged recent security incidents, noting that “two Indian vessels… reported a firing incident while transiting the Strait of Hormuz,” though “there has been no injury to any crew reported.”The shipping ministry said the situation is being closely tracked, adding, “All Indian seafarers are safe. The situation continues to be closely monitored.”On fuel availability, the petroleum ministry said refineries are running at strong capacity and “sufficient stocks of petrol and diesel are being maintained,” with retail fuel stations operating normally across the country.To cushion consumers from global price shocks, the government highlighted recent fiscal steps, saying, “The Middle East crisis has led to an abnormal increase in crude prices; however, to protect consumers, the Government of India has reduced excise duty on petrol and diesel by Rs 10 per litre.”It also intensified action against malpractice in the supply chain, stating that “more than 2400 raids were conducted across the country” on April 18 to check hoarding and black marketing of LPG.Officials said that coordinated efforts with states, industry stakeholders and agencies are ongoing to ensure energy security and uninterrupted supplies despite global uncertainty.
Business
India-US trade deal: Three-day talks to begin from April 20; what to expect – The Times of India
India and the United States are set to resume trade negotiations this week, with a delegation of about a dozen officials travelling from New Delhi to Washington for discussions on the first phase of the proposed bilateral trade agreement (BTA). The talks, scheduled from April 20 to 22, will be led by India’s chief negotiator Darpan Jain, additional secretary in the department of commerce, and will include officials from the customs department and the ministry of external affairs.“The meeting will happen from April 20-22 in Washington DC. India’s chief negotiator Darpan Jain (additional secretary in the department of commerce) is leading the team. Officers from customs and external affairs ministry are also part of the Indian team,” an official told PTI. This round of talks comes after major changes in the US tariff system, which have led both sides to reconsider the structure of the trade agreement finalised earlier this year and released on February 7.A key shift came after the US Supreme Court struck down reciprocal tariffs imposed under the 1977 International Emergency Economic Powers Act, prompting the US administration to introduce a temporary flat 10% tariff on all countries for 150 days from February 24. These developments resulted in postponing of a planned February meeting between the chief negotiators, with the rescheduled talks in Washington now set to take place under this updated tariff framework.With Washington now applying a uniform 10% tariff on all trading partners, the relative advantage India had under the earlier arrangement has diminished, leading to calls for revisiting the agreement. “So the agreement will have to be recalibrated, redrafted,” a government source has said, adding, “that amount of change will take place from their side”.“In our case, since the agreement has not been signed, we have got the option where we can right now change whatever needs to be changed,” the source has said.In addition to tariff issues, the discussions are expected to address two investigations initiated by the US Trade Representative under Section 301 of its trade law. India has contested the allegations in these probes and has asked for them to be withdrawn, arguing that the initiation notices do not provide adequate justification. The talks are taking place at a time when countries are reassessing their positions under the revised tariff system amid changes in global trade with the US.At the same time, trade patterns for India have also seen changes. China has become India’s largest trading partner in 2025-26, replacing the US, which had held that position for four consecutive years until 2024-25.Latest figures show India’s exports to the US rose slightly by 0.92% to $87.3 billion in the last financial year, while imports grew by 15.95% to $52.9 billion. This resulted in a narrowing of the trade surplus to $34.4 billion in 2025-26, compared with $40.89 billion in the previous year.
Business
Newcastle teacher: ‘My school cannot afford free breakfast club’
Barbara Middleton says she cannot afford to staff the government’s free breakfast clubs.
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