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West Asia Escalation Sends Sensex Tumbling as India Records Official Alerts and Service Launches

The sharp market drop reflects investor concern that renewed USIran strikes could lift oil prices and add inflationary pressure for India.

Overview

  • Indian markets plunged, with the Sensex falling by more than 1,700 points and the rupee weakening as reports of US strikes on Iran and wider West Asia tensions pushed investors toward safer assets and sent oil prices higher.
  • The Employees’ Provident Fund Organisation rolled out a new digital portal to let subscribers track PF interest, file claims and request withdrawals online, aiming to simplify routine transactions.
  • The National Investigation Agency named Lashkar-e-Taiba founder Hafiz Saeed as a key accused in its chargesheet for the Pahalgam terror attack, formalizing charges in the ongoing probe.
  • The India Meteorological Department issued a red warning for Mumbai, Thane and Raigad for heavy rainfall, strong winds and likely waterlogging that disrupted transport and daily life.
  • The Indian Space Research Organisation reported successful tests of a new sub-orbital solid motor and a higher-thrust semicryogenic engine power head and said Chandrayaan-3 sample analysis links a Shiv Shakti find to a known lunar meteorite, underscoring progress in India’s space programme.