Indian Shares Expected to Open Lower Amid Rising Oil Prices and Inflation Fears
Indian shares are likely to open lower on Thursday, continuing losses due to rising oil prices above $110 per barrel amid the Middle East conflict. Brent crude rose 1.3% following attacks in Saudi Arabia. Higher oil costs may increase inflation and fiscal strain in India. The central bank hinted at possible rate hikes to control inflation but avoided aggressive tightening. Foreign investors bought shares worth 10.22 billion rupees on Wednesday.
Mint Markets·


