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Indian shares extend losses as high oil prices heighten inflation worries
Indian shares fell for a third straight session on Thursday, as an escalating Middle East war pushed oil prices higher to $112 per barrel, stoking inflation concerns for the world’s third-largest importer of crude. The benchmark Nifty 50 fell 0.54% to 22,687.65, and the Sensex shed 0.62% to 73,249.39. The broader small-caps and mid-caps dropped 1.1% and 0.9%, respectively. Other Asian markets also slumped to near three-month lows, after more Houthi attacks in Saudi Arabia intensified concerns over broader escalation of conflict and fears of supply disruptions. The attacks prompted the US to or...
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