Iran Vows Revenge, Markets Slide, Inflation Up; NSE IPO-Ready, Oil Tensions Rise
CCNBC TV18•12-03-2026, 22:02
Iran Vows Revenge, Markets Slide, Inflation Up; NSE IPO-Ready, Oil Tensions Rise
- •Iran's Supreme Leader vowed revenge and urged using the Strait of Hormuz as leverage, pushing oil prices above $100.
- •Indian equity markets extended losses for a second day, with banking and auto stocks dragging benchmarks lower.
- •India's retail inflation rose to 3.21% in February, slightly above expectations, driven by higher food prices.
- •National Stock Exchange (NSE) finalized intermediaries for its IPO, targeting a valuation over ₹5 lakh crore.
- •Global oil supply concerns persist amid West Asia tensions; IEA released 400M barrels, US 172M barrels, while India assures secure fuel supply.
