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Indian Markets Set for Weak Open as Brent Crude Surges Near $85 a Barrel

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Indian stock markets were expected to open in negative territory following a sharp rise in global crude oil prices. Brent crude oil climbed close to $85 per barrel, reaching a one-month high after rallying approximately 10%. Rising oil prices typically weigh on Indian markets, as the country is a major crude importer. The spike in energy costs raises concerns about inflation and corporate margins across key sectors.

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Indian Markets Set for Weak Open as Brent Crude Surges Near $85 a Barrel · ShortSingh