Indian Shares Rise as Oil Falls

Indian shares gained tracking global equities as oil prices fell on hopes the Strait of Hormuz could reopen. State owned lenders and oil marketing companies led the advance while broader markets also moved higher.

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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. REUTERS/Shailesh Andrade//File Photo

India shares rose 0.41% on Wednesday morning, tracking global equities as crude prices fell on potential supply relief from the Middle East. The broader market advance reflected improving investor risk sentiment across Asia.

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