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Indian oil stocks
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- 1Indian shares set for flat open as oil rises on US-Iran stalemate●Indian shares on track for tepid open as US-Iran stalemate lifts oil prices
Indian stock indexes are expected to open little changed on Tuesday as a deadlock between the United States and Iran over its nuclear programme keeps oil prices elevated. Higher crude weighs on India, a major oil importer, putting pressure on import-dependent companies and inflation expectations, while investors stay cautious ahead of further geopolitical developments.
- 2Indian Stocks Fall as PB Fintech Slides on IRDAI Move●Stock Market Crash: IRDAI का 440 Watt झटका! PB Fintech क्यों टूटा? Crude, Bond Yield & Iran का असर
Indian markets saw a sharp selloff, with PB Fintech, the parent of Policybazaar, among the biggest losers after what commentators describe as a severe regulatory blow from IRDAI. Market analysts are also pointing to rising crude oil prices, climbing bond yields and tensions involving Iran as pressures weighing on sentiment, and are debating whether the insurance regulator's action triggered the wider decline.