India stocks lower at close of trade; Nifty 50 down 2.09%
Corroborated by 4 sources from 4 publishers
TL;DR
Reports differ across sources; according to aljazeera.com, india lowers fuel taxes, says rumours of lockdown ‘completely false’ India, the world’s third biggest crude importer, announces measures amid shortages created by the Iran war.
Sources
1
Bloomberg Industries
https://www.bloomberg.com/news/articles/2026-03-27/india-cuts-fuel-taxes-to-shield-refiners-from-iran-war-impact
2
CNBC Top News
https://www.cnbc.com/2026/03/27/india-fuel-tax-cut-oil-prices-iran-war-impact.html
3
Al Jazeera
https://www.aljazeera.com/news/2026/3/27/india-slashes-petrol-diesel-import-taxes-as-fuel-prices-remain-high?traffic_source=rss
4
Investing.com News
https://www.investing.com/news/stock-market-news/india-stocks-lower-at-close-of-trade-nifty-50-down-209-4584540