Indian Shares Fall as Middle East Tensions Lift Oil

Indian shares edged lower as Middle East conflicts pushed crude prices higher and dampened investor sentiment. Financials led sector losses while defence stocks gained following new acquisition approvals.

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FILE PHOTO: File Photo: The Bombay Stock Exchange logo is seen under a bull statue at the entrance of their building in Mumbai, India January 30, 2018. Picture taken January 30, 2018. REUTERS/Shailesh Andrade/File Photo/File Photo

India's benchmark indices slid Tuesday morning, with the Nifty 50 dropping 0.46% to 23,668.85 and the BSE Sensex falling 0.53% to 75,727.30 during Tuesday morning trading. The losses followed a six-week low in the previous session as escalating geopolitical tensions lifted crude prices.

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