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US-Iran Conflict, Oil Rally, Modi-Putin Talks, NSE IPO & More - The Week That Was

The week starting on September 7 remained highly volatile for markets with a mix of global uncertainty, rising oil prices and expectations of interest rates hike by US Federal Reserve, while corporate India saw several important developments. Here are few top stories from this week - US-Iran Conflict Tensions between US and Iran escalated again this week following a brief pause as US Central Command (CENTCOM) reported that the American forces attacked five Iranian oil tankers in the Gulf of Oman and near Kharg Island. Iran responded by launching ballistic missiles at a US base in Jordan and targeted multiple commercial and military vessels near the Strait of Hormuz. Oil Prices Cross $100 Oil prices rose over $100 a barrel this week, for the first time in nearly four months, even  hitting $109 before retreating on Friday. Crude prices are track for a weekly gain of around 8% to 9%.  Following this surge, benchmark indices such as Sensex and Nifty fell, posting consecutive ...

Watch: India Coach Stimac Shown Red Card For Argument At SAFF Championship

The SAFF Championship clash between India and Kuwait in Bengaluru witnessed several ugly brawls with on Tuesday. India coach Igor Stimac was sent off following argument with the match officials and Kuwait players. That was not all as two players, one each from India and Kuwait, were also sent off due to ugly fouls. This was the second time in the 2023 edition of the SAFF Championship that Stimac was sent off from the ground. Earlier, he was shown a red card during a match against Pakistan. Tuesday's match against Kuwait ended in a 1-1 draw. Both teams are in the semi-finals but India finished second in the points table. 

Stimar first received a yellow card for disrupting play. Then he was sent off for having a go at the match officials. Stimac engaged in an animated argument with match officials and was eventually flashed a red card in the 81st minute.

But the harsh moments did not end there as India's Rahim Ali and Kuwait's Al Qallaf were sent off. The melee ensued after Qallaf pushed down India's Sahal Abdul Samad in the 84th minute and Rahim, in turn, pushed the Kuwait player to the ground. After that there was not enough time for either side to force a result.

Sunil Chhetri worked his magic but India had to split points with Kuwait after an acrimonious 1-1 draw in their last group match in the SAFF Championship on Tuesday. Chhetri had put India on the road to victory with an injury-time strike in the first half but an own goal by Anwar Ali in the added time of the second half spoiled the home side's march. This was also the first goal India conceded in nine matches.

The result meant that India and Kuwait ended up on seven points but the latter topped Group A on better goal average.

India will play Lebanon in the semifinal while Kuwait will take on either Bangladesh or Maldives.

Already qualified for the semifinal, both India and Kuwait pressed forward from the whistle, giving some entertaining moments.

With PTI inputs



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