{"id":70776,"date":"2026-03-09T10:32:06","date_gmt":"2026-03-09T10:32:06","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2026\/03\/09\/indian-shares-end-lower-as-iran-crisis-deepens\/"},"modified":"2026-03-09T10:32:06","modified_gmt":"2026-03-09T10:32:06","slug":"indian-shares-end-lower-as-iran-crisis-deepens","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2026\/03\/09\/indian-shares-end-lower-as-iran-crisis-deepens\/","title":{"rendered":"Indian Shares End Lower As Iran Crisis Deepens"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares slumped on Monday as the Iran-Israel-U.S. war entered its 10th day and the Strait of Hormuz, a critical trade route, remained shut for the sixth consecutive day.<\/p>\n<p>Oil prices surged past $100 per barrel for the first time since 2022 as investors braced for a potentially prolonged standoff in the Middle East and a global energy crisis.<\/p>\n<p>Earlier, WTI crude futures soared over 20 percent to $110 a barrel and Brent crude futures added more than 24 percent at $115 a barrel, following production cuts by major Middle Eastern producers\u2014including Kuwait, Iran, and the United Arab Emirates.<\/p>\n<p>The economic fallout from surging oil prices is expected to significantly impact India&#8217;s trade deficit and inflation.<\/p>\n<p>Every $10 per barrel increase in crude oil prices is estimated to widen India&#8217;s trade deficit by approximately 30 percent and boost retail inflation by 49-58 basis points.<\/p>\n<p>The benchmark BSE Sensex ended down 1,352.74 points, or 1.71 percent, at 77,566.16 after hitting a low of 76,424.55 earlier. <\/p>\n<p>The broader NSE Nifty index hit an intraday low of 23,697.80 before recovering some lost ground to close down 422.40 points, or 1.73 percent, at 24,028.05.<\/p>\n<p>The BSE mid-cap and small-cap indexes tumbled 2 percent and 2.5 percent, respectively. <\/p>\n<p>The market breadth was weak on the BSE, with 3,376 shares falling while 975 shares rose and 185 shares closed unchanged. <\/p>\n<p>Among the prominent decliners, ICICI Bank, Asian Paints, Larsen &amp; Toubro, Kotak Mahindra Bank, Tata Steel, Adani Ports, IndiGo, SBI, Mahindra &amp; Mahindra, Maruti Suzuki India and UltraTech India plummeted 3-5 percent. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Indian Shares End Lower As Iran Crisis Deepens<\/a><br \/>\n<br \/>2026-03-09 10:32:06<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares slumped on Monday as the Iran-Israel-U.S. war entered its 10th day and the Strait of Hormuz, a critical trade route, remained shut for the sixth consecutive day. Oil&#8230;<\/p>\n","protected":false},"author":2,"featured_media":70777,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1535139262971-c51845709a48?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=1950&q=80","fifu_image_alt":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-70776","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/70776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=70776"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/70776\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/70777"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=70776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=70776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=70776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}