COMPANIES | PAGE 6 BACK PAGE | PAGE 22 FMCGvaluegrowthslips amidgrowinguncertainty How‘number7’helped unravelacementcartel AHMEDABAD, TUESDAY, MARCH 10, 2026 VOL NO. XX 235, 28 PAGES, `12 INTERNATIONAL | PAGE 11 Khamenei’ssonnamednew supremeleaderofIran FOLLOW US ON TWITTER & FACEBOOK. APP AVAILABLE ON APP STORE & PLAYSTORE WWW.FINANCIALEXPRESS.COM READ TO LEAD P U B L I S H E D F R O M : A H M E D A B A D , B E N G A L U R U , C H A N D I G A R H , C H E N N A I , H Y D E R A B A D , K O C H I , K O L K ATA , L U C K N O W, M U M B A I , N E W D E L H I , P U N E SENSEX: 77,566.16 ▼ 1,352.74 NIFTY: 24,028.05 ▼ 422.40 NIKKEI 225: 52,728.72 ▼ 2,892.12 HANG SENG: 25,408.46 ▼ 348.83 `/$: 92.33 ▼ 0.59 `/€: 106.67 ▼ 0.47 BRENT: $102.32 ▲ $9.63 GOLD: `1,59,038 ▲ `1,071 Oiltops$100,marketsinmeltdown IPO-boundFlipkart completesreverse fliptoIndia WALMARTOWNED FLIPKART has completed the redomiciliation of its holding structure to India from Singapore, with the company reportedly targeting a stock market listing in FY27. ■ PAGE 7 Continued on Page 4 March 9 (5:40pm IST) Source: Bloomberg Trumptoreviewoptions tocurbenergypricespike US PRESIDENT DONALD Trump is expected to review a set of options to tame oil prices, two people familiar with the matter told Reuters. The effort reflects White Houseworries that the surge in oil prices will hurt US businesses and consumers ahead of the November midterm elections when Trump’s fellow Republicans are hoping to retain control of Congress.US officials in Washington have been discussingwithcounterpartsfrom G7 major economies a possible joint release of crude oil from strategic reserves as one of several measures currently under discussion,the sources said. Other options include restricting US exports, interveninginoilfutures markets, waiving some federal taxes and lifting requirements under a US law called the Jones Act. Limited impact on inflation till now: FM FE BUREAU New Delhi, March 9 THE IMPACT OF higher oil prices,triggeredbytheUS-Iran war, on domestic rates has not been substantial so far, as inflation is near the lower bound of the target, Finance Minister Nirmala Sitharaman said on Monday. According to the Reserve Bank of India’s Monetary Policy Report released in October 2025,if crude oil prices rise by 10% above the baseline assumption and are fully passed on to domestic consumers,inflation could rise by about 30 basis points, the FM said in a written reply to the Lok Sabha.However,the actual effect depends on severalvariables,she added. Continued on Page 4 92.33 92.2 92.4 23 19 15 Mar 6 (close) Mar 9 (close) Mar 9 (close) 1.71% (1,352 points) 19.88 17.51% Mar 6 (close) Mar 9 (close) 77,566 Market cap loss (in ` lakh cr) Top sectoral losers (% loss) -4.10 -3.97 Auto PSU banks -2.81 Consumer durables Private banks -2.78 Metal -2.60 Mar 09 GLOBAL CRUDE OIL prices climbed to nearly $120 per barrel early on Monday, the highest level in about four years,before easing to $103,as the expanding US-Israel war with Iran heightened fears of supplydisruptionsthroughthe Strait of Hormuz, a key route for crude shipments to major importers,including India. Even as the domestic stock market turned volatile, with benchmarks Sensex and Nifty slipping more than 3% during intra-day trade before recovering to close 1.7% down, government sources said India has no immediate plans to raise retailpricesofpetrolanddiesel, citing comfortable fuel stocks. Wall Street’s main indexes also took a hit, dropping over 1%, exacerbating inflation fears as the hostilities entered their 10th day. International benchmark Brent crude briefly touched $119.50 per barrel, marking a 45-month high,while US West Texas Intermediate (WTI) also climbed to $119 during intraday trading.Brent futures were up $8.77, or 9.46%, at $101.46/barrel during the day, whileWTIfuturesgained$7.92, or8.71%,to $98.82. Mar 6 (close) 103.21 119 92.0 78,918 HIGH VOLATILITY 23.36 27 India VIX Index -8.58 THE RESERVE BANK of India (RBI) on Monday injected `50,000 crore into the banking system through Open Market Operation (OMO) purchases of government securities, according to a release, reports PTI. ■ PAGE 9 High: WOUNDED CURRENCY Inverted scale 0.64% 91.6 91.8 91.75 Mar 06 OMO: RBI injects `50,000 cr into banking system March 6 (close) SENSEX ■ With no let-up in war, concerns over supply disruptions mount -3.22 92.69 SAURAVANAND New Delhi, March 9 Sensex sinks,Re at record low 5.72 Brent crude prices ($ per barrel) ■ Brent crude briefly touched $119, a 45-month high Mar 05 HEADLINE RETAIL INFLATION for February is estimated to have risen to 3.11% year-on-year, largely due to the food and beverages segment, according to the median of an FE poll of economists, reports Kuldeep Singh. BOILING POINT Mar 04 soaras US-Iranwar rages on; enough stock,says govt -9.72 ● Brent crude prices Mar 02 FEBRUARY RETAIL INFLATION AROUND 3.1%: FE POLL -6.60 PAGE 4 Feb 27 ECONOMY -4.99 IN THE NEWS REPORT, PAGE 8 Economistssee OMCsstareat HouseholdLPG fiscal,currency `15,000-cr supplyrules pressuresahead monthlylosses tightened THE SHARP RISE in crude prices has renewed concerns about its potential impact on the economy, but economists sayitwilllargelydependonhow the Centre manages domestic fuel prices and related fiscal measures, report Prasanta Sahu & SauravAnand. P2 STATE-RUN OIL marketing firms could incur losses of `10,000-15,000croreamonth unless they raise retail fuel prices or receive support, analysts said,assuming the Indian basketofcrudeisaround$100a barrel, report Raghavendra Kamath& SauravAnand. P2 THE CENTRE HAS moved to prioritise cooking gas supplies for households and curb hoarding by mandating a 25day lock-in period for booking LPG cylinders, even as India securesadditionalLPGcargoes from global suppliers, reports SauravAnand. P2 TUNE YOUR EQUITY-DEBT MIX TO MARKET CONDITIONS BALANCED ADVANTAGE FUNDS Zindagi ke liye SIP Benefits of Balanced Advantage Funds Investment across equity and debt instruments Dynamic Asset Allocation based on market conditions Aims to manage volatility over time An Investor Education and Awareness Initiative SCAN TO LEARN MORE SIP - Systematic Investment Plan | Visit https://www.hdfcfund.com/information/key-know-how to know more about the process to complete a one-time Know Your Customer (KYC) requirement to invest in Mutual Funds. Investors should only deal with registered Mutual Funds, details of which can be verified on the SEBI website (www.sebi.gov.in/intermediaries.html). 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