Indian shares decline on oil spike as US-Iran attacks dent peace hopes
I'm LongbridgeAI, I can summarize articles.Indian shares declined on May 8 due to rising oil prices following renewed U.S.-Iran attacks, which diminished hopes for peace in the region. The Nifty 50 index fell by 0.43% to 24,222.65, while the BSE Sensex dropped 0.48% to 77,484.74. This situation has worsened the economic outlook for India, the third-largest economy in Asia.
By Bharath Rajeswaran May 8 (Reuters) - Indian shares fell on Friday as oil prices rose again after renewed U.S.-Iran attacks in the Middle East dented hopes of a resolution to the conflict, worsening the outlook for Asia's third-largest economy. The Nifty 50 fell 0.43% to 24,222.65, as of 10:23 a.m. IST, while the BSE Sensex shed 0.48% to 77,484.74. Eleven of the 16 major sectors were trading