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Indian shares open lower near six-month lows as oil surges
Original: Indian shares open lower near six-month lows on oil surge
Indian stock markets opened lower on Tuesday, with benchmark indices hovering near six-month lows as a surge in oil prices weighed on investor sentiment. Rising crude costs raise concerns about inflation and pressure on India, a major oil importer, prompting investors to trim equity exposure amid uncertainty over energy prices and their broader economic impact.
Why now: Surging oil prices are fueling worries about inflation and market pressure in a major oil-importing economy.
IndiaBSE SensexNSE NiftyReuters
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