Indian Markets Set for Weak Open as Crude Oil Prices Climb
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Indian equity markets are expected to begin trading in negative territory on the back of rising global oil prices. Brent crude climbed to $73.39 per barrel, while US WTI crude traded near $70 per barrel. Higher oil prices typically weigh on Indian markets, as India is a major crude importer and rising costs can pressure corporate margins and inflation. The uptick in crude prices has dampened investor sentiment ahead of the opening bell.
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