Indian shares fell for a third consecutive session on Wednesday due to renewed tensions in the Gulf region and concerns over a possible interest rate hike by the U.S. Federal Reserve.
Escalating Middle East hostilities sent Brent crude prices above $100 a barrel, heightening concerns about its potential impact on rupee, inflation and corporate earnings.
After last Friday’s robust August U.S. jobs report, markets now put the odds of a Federal Reserve rate hike on September 16 at about 60 percent, but the decision largely hinges on upcoming CPI and PPI inflation data.
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Market Analysis
Indian Shares Extend Losses For Third Day Amid Middle East Tensions, IT Woes
2026-09-09 10:35:19
