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India's Stock Market Feels the Heat From High Oil Prices

The latest jump in oil prices has disturbed Indian equities, with both major indices starting the week with losses and 12 out of India’s 16 sectors booking losses, Reuters reported earlier in the day.

  • India's stock market declines as oil prices surge past $114 per barrel
  • Brent crude oil prices lead to pessimistic outlook for investors
  • Russia becomes primary crude oil supplier to India in September

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