Indian Shares Advance as Lower Oil Prices Boost Sentiment
Indian share benchmarks rose on Wednesday as lower oil prices offered relief to the import-dependent economy. Financials and metals led the broader market advance while IT shares declined.
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India's benchmark indexes advanced during Wednesday morning trading as Brent Crude Oil hovered near two-week lows, led by gains in heavyweight financials. The Nifty 50 rose 0.5% to 23,446.80, while the BSE Sensex gained 0.4% to 74,828.25. The retreat in oil prices offered broad relief to the import-dependent economy and boosted domestic risk appetite.
