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Indian shares fall as oil rise weighs; Jio lists at 21.4% premium
Indian shares fell on Wednesday as rising oil prices weighed on risk appetite ahead of the US Federal Reserve’s policy decision later in the day. Meanwhile, Jio Platforms listed at a 21.4% premium over its issue price, making it the second-largest publicly traded firm in the country by market value. The benchmark Nifty 50 fell 0.41% to 22,657.35, and the Sensex shed 0.61% to 73,153.6, as of 9:55 a.m.(0425 GMT). In contrast, the broader small-caps and mid-caps gained 0.7% and 0.1%, outperforming benchmarks for the third straight session after they dropped 7.3% and 5.6% last week. Eleven of the ...
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