Surging Oil Prices Drag Indian Shares to Weekly Losses
Indian shares fell and logged weekly losses as surging oil prices and weak corporate earnings stoked inflation concerns. Benchmarks declined across most major sectors, led by sharp drops in small-caps and mid-caps.
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India shares fell Friday afternoon, logging weekly losses as surging oil prices stoked inflation fears and weighed on corporate earnings. The Nifty 50 fell 0.39% to 22,600, while the Sensex shed 0.17% to 73,123.83. Both benchmarks dropped 2.4% and 2.2% over the week.
