Renewed Mideast hostilities drag Indian shares to trim weekly gain
I'm LongbridgeAI, I can summarize articles.Indian shares declined on Friday due to renewed U.S.-Iran hostilities, which led to rising oil prices and diminished hopes for a quick resolution. This development trimmed the weekly gains that had been supported by earlier peace optimism and positive corporate earnings. The Nifty 50 index fell by 0.62% to 24,176.15.
By Bharath Rajeswaran May 8 (Reuters) - Indian shares fell on Friday as renewed U.S.-Iran attacks pushed oil prices higher and dashed hopes of a near-term resolution, trimming weekly gains built on earlier peace optimism and corporate earnings that have lacked any major negative surprises so far, despite higher crude prices in March. The Nifty 50 fell 0.62% to 24,176.15, and the BSE Sensex shed