Mumbai: Indian stocks and the rupee slumped while precious metals soared Monday, with investors cutting back on risk in the face of the full-blown conflict between US-Israel and Iran. The sell-off eroded BSE-listed companies' market value by Rs 6.35 lakh crore. Oil jumped nearly 8% as concerns over supply disruptions in West Asia - the world's top energy hub - drove up prices, u...

New York: Oil and gas prices surged on Monday as Israeli and U.S. strikes on Iran and retaliation by Tehran forced shutdowns of oil and gas facilities across the Middle East and disrupted shipping in the crucial Strait of Hormuz. A sustained rise in oil prices would endanger a global economic recovery andfuel inflation and could push up U.S. retail gasoline prices, a risk for U....

Mumbai: The escalation of the conflict in West Asia spilled over to India, fuelling investor uncertainty and dragging down all sectoral indices on Monday, with the exception of pharmaceuticals and metals. Export-facing sectors and those reliant on crude oil and its derivatives along with those sourcing raw materials from the Gulf through the sea route are expected to be adversel...

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