Indian Stocks Decline as Brent Crude Reaches Six-Month High
Indian equity markets continued to decline as Brent crude oil prices reached a six-month high, closing at $116.72 per barrel on Friday after a 3.1 percent increase. During the holiday-shortened week, the Nifty 50 fell by approximately 2.4 percent and the BSE Sensex dropped around 2.2 percent, marking four consecutive sessions of losses. Broader markets, particularly mid-cap and small-cap stocks, experienced sharper declines due to investor caution amid rising crude prices and valuation concerns. Despite these challenges, the information technology sector showed relative resilience compared to other segments.
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