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Indian shares edge lower as oil rises and investors await GDP cues
Indian markets dipped as higher oil prices and caution around upcoming GDP data kept investors risk-averse despite recent record highs.
Indian equity benchmarks slipped in early Friday trade as rising crude prices and caution ahead of the latest GDP data weighed on sentiment. According to Moneycontrol, the Sensex fell over 300 points intraday while the Nifty hovered just above 26,000. Analysts said FII outflows continued as the rupee weakened, while domestic institutions cushioned the decline. Broader market activity remained mixed, with auto and financial stocks facing pressure after a strong multi-week rally.