Business
Indian benchmark indices open lower as Brent crude surges past $96
Large-cap IT firms led the decline in Indian equities as surging oil prices and strong US employment data increased the probability of a September rate hike.
Large-cap IT firms led the decline in Indian equities as surging oil prices and strong US employment data increased the probability of a September rate hike.
Indian benchmarks slipped below critical psychological thresholds during a choppy trading session, pressured by deteriorating short-term technical indicators and surging global crude prices.
GIFT Nifty futures signal a bullish start for the benchmark index as falling energy costs provide relief to the import-dependent economy. The rally coincides with divergent corporate results from Maruti Suzuki and ITC.