Across the broader market, losers outnumbered gainers 364 to 235, with 1.3 billion securities worth $909.1 million changing hands. Read more at straitstimes.com.
"Unless retail fuel prices change, there is no direct impact of higher oil prices on Consumer Price Index. However, there will be some marginal impact in the form of higher input costs," said Aditi Nayar, chief economist, Icra.
The latest spike in oil prices may have a marginal impact on India s FY24 wholesale and retail inflation, said economists. However, they said crude sustaining above the $90-level could be a downside risk for core inflation as companies begin passing on high input costs.