India, May 18 -- Indian shares were deep in the red on Monday after the U.S. allowed a waiver on Russian oil sales to expire and several Gulf countries reported drone attacks, sending oil prices sharply higher and marking a dangerous escalation in the Middle East conflict.
The benchmark BSE Sensex was down 958 points, or 1.3 percent, at 74,279 in early trade, while the broader NSE Nifty index plummeted by 298 points, or 1.3 percent, to 23,347.
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