India, Sept. 1 -- Indian shares look set to open on a sluggish note on Wednesday as oil prices continued to rise and bonds fell, fueling concerns about inflation and Fed rate hike bets.
Oil prices continued to surge and a global bond rout deepened, stoking fresh worries about inflation and interest-rate hikes.
Brent crude futures rose toward $96 a barrel, extending gains for a third consecutive session to the highest level in nearly six weeks as escalating fighting between the U.S. and Iran heightened concerns over further disruptions to energy flows through the Strait of Hormuz.
For comments and feedback contact: editorial@rttnews.com
Published by HT Digital Content Services with permission from RTT News....