Indian shares hit near six-month low as US-Iran deadlock lifts oil
Nifty 50 fell 1.16% and Sensex 1.18% as Brent crude rose 2.3% to about $106.7 a barrel.
(Updates for morning trade) By Bharath Rajeswaran and Vivek Kumar M Sept 28 (Reuters) — Indian shares fell to near six-month lows on Monday, extending a seven-week losing streak, as a rise in oil prices following a deadlock in US-Iran peace talks weighed on investor sentiment. US President Donald Trump said he rejected an Iranian proposal to reopen the Strait of Hormuz and end fighting, while Iran insisted on Sunday that only diplomacy can solve its conflict with the United States and Israel. 7 a barrel. O/R For India, the world's third-largest crude importer, higher oil prices risk stoking inflation, widening the import bill and squeezing corporate margins.
m. IST on Monday. All 16 major sectors logged losses. 1% each.
The Nifty 50 and Sensex have slipped for seven consecutive weeks, losing nearly 6%, in one of their longest weekly losing streaks on record. 6% each. 4%, respectively. 3% after the country's markets regulator barred the company from accessing the securities market and dealing in securities for 3 months, citing non-compliance of minimum public shareholding.
9%. Borosil gained 3% after Investec reiterated "buy" and hiked the price target to 330 rupees from 265 rupees, citing gains from anti-dumping duty on Chinese borosilicate table and kitchen glassware. com;)