The Indian stock market opened in the red with a big fall on Monday, the first trading day of the week, amid increased tension in the Middle East due to the ongoing war between America, Israel and Iran. Regarding this, there was a protest by opposition leaders under the leadership of Congress in the Parliament. Congress leaders allege that the government has not taken necessary steps to anticipate and deal with the domestic crisis in the current global situation, whereas PM Modi had visited Israel just a few days ago.
Government targeted over trade deal
The Congress-led opposition also targeted the trade deal signed with America last month and called it against India’s interests. The government was also criticized for agreeing to the condition of not buying oil from Russia in the trade deal between India and America.
KC Venugopal posted on X
KC Venugopal posted on Common Indians will have to face huge problems due to rising energy costs. An increase in the prices of LPG cylinders has already been seen and people stranded in Gulf countries are completely helpless in the war zone. India desperately needs a leadership that will take a clear stand against this war and ensure the safety and welfare of its citizens.
Led by LOP Sh. @RahulGandhi ji, INDIA Bloc MPs protested in the Parliament complex against the Compromised PM’s complete silence on the Gulf War.
Ordinary Indians will suffer due to surging energy costs – already seen with the hike in LPG cylinder rates – and those in the Gulf… pic.twitter.com/ABNPOpOYno
— KC Venugopal (@kcvenugopalmp) March 9, 2026
Big fall in stock market
A big fall was seen in the Indian stock market on Monday (9 March). The Bombay Stock Exchange index, Sensex, fell by more than 3 percent (about 2,500 points), while the National Stock Exchange’s Nifty-50 was also in the same position. According to analysts, the biggest decline was seen in the last six years. According to HT report, after the war between US-Israel that started on February 28, the market capital of BSE listed companies came down from Rs 463.9 lakh crore to below Rs 440 lakh crore. Due to which there has been a loss of Rs 25 lakh crore in the property of investors. This is equal to one-seventh of India’s annual GDP.
Let us tell you that about 1 crore Indians live in Western Asia due to employment. The Gulf region is an important trading partner of India. From where trade of about 200 billion dollars is done annually. Most of India’s oil and gas supplies come from this region, but due to the war, the rising prices of crude oil are also affecting the Indian economy. By Monday, the price of Brent crude has increased by 20 percent to more than $ 120 per barrel.
