Indian stock markets opened sharply lower on Thursday as escalating West Asia tensions and surging crude oil prices dented investor sentiment. Sensex fell over 450 points, while Nifty slipped more than 100 points, with IT stocks leading the decline and pharma bucking the trend

Jet fuel for domestic airlines will now cost Rs 115 per litre, up from Rs 104.927. Under the new framework, the rate will be locked in for up to three years for airlines that choose to opt into the government-backed price stabilisation scheme