Indian shares rallied on Wednesday, recovering from their steepest drop in six years in March, on signs of easing Middle East tensions.
Oil prices fell below $100 a barrel, the dollar weakened and global bond yields tumbled after U.S. President Donald Trump said he would end the Iran war without reopening the Strait of Hormuz, especially as the conflict looked set to extend beyond his initial four-to-six-week timeline.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.