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Indian shares advance on oil retreat; financials lead
Indian share benchmarks advanced as oil prices held near their lowest in more than two weeks on Wednesday, while lingering Middle East uncertainty kept a lid on gains. While US President Donald Trump warned on Tuesday that he could “annihilate” Iran, he also said his envoys had held productive talks with Iranian mediators to end their nearly seven-month-old war. That and Saudi Arabia’s restoration of supply through a key Red Sea pipeline kept Brent below $100 a barrel, offering relief to oil-import-dependent India and supporting domestic market sentiment. “The recent, sustained decline in crud...
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