Indian Shares Slip as Oil Rises and Jio Debuts
Indian equity benchmarks inched lower as rising oil prices weighed on market sentiment. Meanwhile, Jio Platforms completed a strong debut to become India's second-biggest firm.
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India equity benchmarks edged lower during Wednesday morning trading as rising energy costs dampened risk appetite, even as Jio Platforms posted a blockbuster market debut. The Nifty 50 fell 0.22% to 22,698.85 and the Sensex shed 0.48% to 73,246.03. Market losses exceeded 1% earlier in the session before recovering ground.
