Indian shares fall as Mideast tensions lift oil prices
Indian shares fell on Friday as renewed U.S. and Iran attacks pushed oil prices higher. The Nifty and Sensex still logged weekly gains on steady corporate earnings.
India shares fell on Friday as renewed conflict between the United States and Iran pushed oil prices higher. The Nifty 50 dropped 0.62% to 24,176.15, while the BSE Sensex shed 0.66% to 77,328.19. Escalating Middle East tensions threaten to erode the macro-economic stability provided by a steady corporate earnings season.
### Geopolitical Friction Reverses Weekly Momentum Fresh military exchanges between U.S. and Iranian forces disrupted a month-long ceasefire on Friday morning. This volatility pushed Brent Crude Oil back above $100 a barrel, following a brief dip below that level on Thursday.
