Indian stocks hit three-month lows as Brent oil tops $100
Indian shares fell for a third straight session to their lowest levels in three months. Brent crude futures rose above $100 a barrel for the first time since late July, raising concerns for the economy and inflation.
By Bharath Rajeswaran and Vivek Kumar MIndian shares fell for a third straight session on Wednesday, reaching their lowest level in three months as Brent crude futures rose above $100 a barrel for the first time since late July, raising concerns about the impact on the economy and inflation. In a sharp move, the benchmark indexes dropped as oil prices pushed higher, with traders watching the implications for growth and price pressures.