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TSX:5020 6 January 2026

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  • War Escalation and HDFC Bank Shake Markets; Sensex Drops 2,497 Points
    March 19, 2026, 10:38 PM EDT. Stocks plunged sharply on Thursday amid escalating conflict in West Asia targeting critical energy infrastructure in the Persian Gulf, a vital crude oil and gas hub. This violence sent crude oil prices soaring above $115/barrel, stoking worries over supply disruptions essential to the Indian economy. Compounding the turmoil, HDFC Bank's non-executive chairman Atanu Chakraborty resigned abruptly, further depressing investor confidence. The benchmark Sensex tanked by 2,497 points, or 3.3%, closing near an 11-month low at 74,207 points-its sixth-worst single-session loss. The day erased gains from the previous three sessions and wiped out nearly Rs 13 lakh crore from market capitalization, which now stands at Rs 425.8 lakh crore, levels unseen since last May. The rupee also slid to an all-time low below 93 against the dollar in non-deliverable forex markets. Fed's rate pause influenced trading sentiment.
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