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Indian Markets Face Steep Decline as Brent Crude Exceeds $110 Amid Iran Conflict and Aggressive Fed Policy
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Indian Markets Brace for Plunge as Brent Crude Soars Amid Iran War Escalation
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Firstpost
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19-03-2026, 08:35
Indian Markets Brace for Plunge as Brent Crude Soars Amid Iran War Escalation
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Indian shares are set to open sharply lower as Brent crude jumped above $110 a barrel following a fresh escalation in the Iran war.
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A hawkish U.S. Federal Reserve, citing persistent inflation pressures and Iran war risks, added to growth worries.
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Iran attacked several energy facilities across the Middle East, including the South Pars gas field, escalating its conflict with the U.S. and Israel.
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Foreign portfolio investors sold Indian shares for the 14th consecutive session, totaling 27.14 billion rupees on Wednesday.
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HDFC Bank's part-time Chairman Atanu Chakraborty resigned citing "values and ethics" differences, causing its U.S.-listed shares to tumble.
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