Britain’s PM Rishi Sunak and his new cabinet: Who is in and who is out?

A war unfolding thousands of kilometres away is now shaking India’s financial markets. Escalating tensions involving Iran, the United States and Israel have triggered panic selling on Dalal Street, wiping out nearly Rs 30 lakh crore in investor wealth in just weeks. The biggest jolt came in a single trading session, when over Rs 12 lakh crore vanished from the market. Benchmark indices like the BSE Sensex and Nifty 50 plunged sharply as investors reacted to surging oil prices and global uncertainty. The crisis intensified after fears that the Strait of Hormuz could face disruption, threatening global energy supply. With India importing nearly 85% of its crude oil, any spike in prices directly impacts inflation, growth and market sentiment. Foreign investors are already pulling funds out while sectors like airlines and oil companies face pressure.