Indian shares rise as crude slips on Trump's Iran war comments

Asian Paints

10/03/2026 06:45

** Indian equity benchmarks Nifty 50 .NSEI and BSE Sensex .BSESN climb 0.8% and 0.7%, respectively

** U.S. President Donald Trump hints the Iran war may "end soon," easing oil prices

** Both benchmarks fell sharply on Monday after crude surged to over $100/barrel on concerns about prolonged disruptions to global oil supplies

** Fourteen of 16 sectors log gains; broader smallcaps .NIFSMCP100 and midcaps .NIFMDCP100 rise 1.7% and 1.3%, respectively

** Top lenders and index heavyweights HDFC Bank HDBK.NS and ICICI Bank ICBK.NS up 1.8% and 2.4%, respectively, after falling 3% in previous session

** Brent futures LCOc1 down 6% at $93.01 a barrel

** Oil prices drop also lifts airline and paint stocks; budget carrier IndiGo INGL.NS up 3.9% and Asian Paints ASPN.NS up 2%

** Among individual stocks, Dixon Technologies DIXO.NS rises 5.8% after government approves joint venture with a Chinese firm

** Dr Reddy's Laboratories REDY.NS climbs 2.4% on reports a Delhi High court ruling paved the way for the drugmaker to manufacture generic semaglutide in India for export

 (Reporting by Kashish Tandon in Bengaluru)

 ((Kashish.tandon@thomsonreuters.com))