Indian Shares Decline as Brent Crude Surpasses 100 Dollars
The Nifty 50 and Sensex dropped on Thursday as Brent crude hit 103 dollars per barrel amid regional instability. Financial and auto stocks led the market decline.
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Indian equity markets experienced a downturn during early trading on Thursday as escalating geopolitical tensions in the Middle East and rising energy costs dampened investor sentiment. The KOTAK NIFTY 50 declined by 0.38% to 24,284.6, while the UTI BSE SENSEX ETF dropped 0.54% to 78,092.61. The market weakness was primarily driven by the financial and automotive sectors, with 12 out of 16 major sectoral indices trading in the red.
