Indian shares slide as oil surges
Indian shares opened lower in a broad sell-off as Brent crude soared to $108 per barrel. The Middle East conflict escalated, prompting investors to flee risk assets and sending most major sectors down.
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India's benchmark indices dropped during Friday morning trade as Brent Crude Oil surged to $108 per barrel following military escalation in the Middle East. The sell-off hit fifteen of sixteen major sectors as investors fled risk assets. The Nifty 50 fell 1% to 23,242.55, while the BSE lost 0.91% to 74,223.44.
