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Indian shares open lower as US-Iran stalemate lifts oil prices
Indian equity markets opened lower on Monday, weighed down by rising crude oil prices after a stalemate in tensions between the United States and Iran. Higher oil prices typically pressure Indian markets, as the country is a major oil importer, raising concerns about inflation, import costs and corporate margins among investors and traders.
Why now: Escalating US-Iran tensions are lifting oil prices, which directly affects India's oil-import-dependent economy and its stock market.
Evidence
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