Indian Shares Extend Losses as Oil Prices Stoke Inflation Worries
Indian shares fell for a third straight session on Thursday as Middle East war pushed oil to $112 per barrel, raising inflation concerns for the crude importer.
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10:33:48 AM UTC
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Indian benchmark indices ended lower for the third consecutive session on October 22, with the Nifty slipping below 22,700 as escalating geopolitical tensions pushed crude oil prices above $110 per barrel.Amid weak global cues, the market opened lower and remained in negative territory for most of…
By Bharath Rajeswaran and Vivek Kumar M Indian shares declined for a third consecutive session on Thursday. An escalating Middle East war drove oil prices higher to $112 per barrel, raising inflation concerns for the world's third-largest crude importer. The benchmark Nifty 50 NSE:NIFTY fell 0.54% to…