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Informist, Tuesday, Mar. 10, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: US indices recover as Trump says conflict with Iran to end soon

 

MUMBAI--0738 IST--US benchmark indices recovered from intraday losses on Monday as oil prices fell after US President Donald Trump predicted a swift end to the hostilities with Iran. All three major indices ended higher, with the Nasdaq Composite being the top performer, closing 1.4% higher. The Dow Jones Industrial Average, too, recovered after falling 900 points or nearly 2?rlier in the session, and closed 0.5% higher. 

 

On Monday, Trump said in a press conference that the war with Iran could end "very soon", though not this week, CNBC reported. Further, in a phone interview with CBS News, Trump said ships are moving through the Strait of Hormuz, but claimed that he is still "thinking about taking it over." Following his comments, oil prices fell. At 0727 IST, the Brent crude May futures were $89.11 per barrel, sharply down from the intraday high of nearly $120 per barrel on Monday.

 

The closure of the Strait of Hormuz along with the announcement of oil output cuts by key producers in West Asia had sent oil prices soaring on Monday. Oil prices saw some moderation when Saudi Aramco offered over 4 million barrels of crude oil supply into the spot market.

 

Following are the closing levels of US indices Monday:

 

Index	Level	Change in %
S&P 500	6795.99	0.83
NASDAQ Composite	22695.95	1.38
Dow Jones Industrial Average	47740.80	0.50

 

(Shruti Nair)

 

US$1 = INR 92.33

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Tanima Banerjee

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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