Indian Shares Give Up Early Gains

India, Oct. 23 -- Indian shares were moving lower on Friday, giving up early gains on concerns over rising oil prices following Houthi strikes on Saudi oil infrastructure and Red Sea ports.

The benchmark 30-share BSE Sensex dropped 385 points, or half a percent, to 72,864, extending losses for a fourth consecutive session.

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1568189509843-0'); });

The broader NSE Nifty index was down 210 points, or 0.9 percent, at 22,477.

Infosys advanced 1.6 percent, while Shriram Finance fell about 1 percent, Tata Motors slumped 3.9 percent and Adani Power tumbled 4 percent ahead of their quarterly earnings results due today.

For comments and feedback contact: [e-mail]

Publishe...