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    "headline": "Indian Markets Plunge on US-Iran Escalation and Oil Fears",
    "dek": "Indian benchmark indices fell sharply as US-Iran strikes escalated the Middle East conflict and oil prices surged.",
    "prose": "Indian benchmark indices fell sharply in early trade on Wednesday as fresh US strikes on Iran escalated the Middle East conflict, sending oil prices higher and rattling global markets. [^1]\n\nThe BSE Sensex shed 0.61% to 76,471.32 and the Nifty 50 fell 0.82% to 23,858 as of 9:15 am on Wednesday. [^2]\n\nThe Indian rupee gained 47 paise to trade at 94.26 against the US dollar in early Thursday trade. [^3]\n\nThe Reserve Bank of India reported that foreign currency non-resident deposits had brought in $127.226 billion as of August 31 under a special programme. [^4]\n\nThe BSE Sensex climbed 334.16 points, or 0.44 percent, to reach 76,904.51 in morning trade on September 3, 2026. [^5]\n\nIran reported missile and drone attacks against US positions in Jordan, Bahrain and Iraq. [^6]\n\nThe US Central Command said its latest operation targeted Iranian air defence sites, radar systems, maritime assets, mine-laying capabilities and communications sites. [^7]\n\nForex traders stated that the rupee was being supported by strong underlying inflows and aggressive intervention by the RBI. [^8]\n\nIncluding overseas foreign-currency borrowings and external commercial borrowings, the measures attracted total inflows of $136.377 billion. [^9]\n\nBank stocks led the recovery during the trading session. [^10]\n\nThe article was last updated on September 3, 2026, at 05:12 IST. [^11]",
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      "statement": "Indian benchmark indices fell sharply in early trade on Wednesday as fresh US strikes on Iran escalated the Middle East conflict, sending oil prices higher and rattling global markets.",
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