Crude-sensitive Indian shares slip as Brent pushes past $100
Crude-sensitive stocks were under pressure after Brent surged toward $100 a barrel on Middle East tensions, raising concerns about higher input costs and inflation for some Indian companies.
Crude-sensitive stocks came under pressure on Tuesday as Brent oil prices moved towards the $100-a-barrel mark, with escalating tensions in the Middle East stoking concern about higher input costs and inflationary pressure for several Indian companies. Oil marketing companies and tyre makers were among the shares under pressure.