Stock markets decline 2% in early trade amid rising tensions in West Asia, surge in crude oil price

The 30-share BSE Sensex plummeted by 1,433.72 points, or 1.96%, to 71,700.60. The 50-share NSE Nifty dived 445.70 points, or 1.97%, to 22,233.70 in the morning trade. File. | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty declined 2% in early trade on Thursday (April 2, 2026) amid rising geopolitical tensions following U.S. President…

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India restricts imports of gold and silver jewellery to curb FTA misuse

The move follows concerns that some traders were exploiting duty differences through FTAs, particularly with ASEAN countries. | Photo Credit: FRANCIS MASCARENHAS The government on Wednesday announced curbs on imports of gold, platinum and silver jewellery with immediate effect, a move aimed at checking misuse of free trade agreements (FTAs). These restrictions will operate irrespective…

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