---
title: "Indian shares extend drop on oil surge; Infosys, IndiGo results awaited"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293701539.md"
description: "Indian shares extended losses on July 23 as escalating Middle East tensions pushed oil prices above $98 a barrel, dampening global risk appetite. High oil prices pose a significant risk to India, the world's third-largest crude importer and consumer, by threatening to stoke inflation and widen the trade gap."
datetime: "2026-07-24T04:38:35.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293701539.md)
  - [en](https://longbridge.com/en/news/293701539.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293701539.md)
generator: "portal-rs"
---

# Indian shares extend drop on oil surge; Infosys, IndiGo results awaited

(Corrects analyst's last name in paragraph 6) By Bharath Rajeswaran July 23 (Reuters) - Indian shares extended losses on Thursday as escalating Middle East tensions pushed oil prices above $98 a barrel, hurting global risk appetite. High oil prices pose a key risk for India, the world's third-largest crude importer and consumer, by threatening to stoke inflation, widen India's trade gap,

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**