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Indian Markets Set for Weak Open as Crude Oil Prices Edge Higher

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Indian stock markets were likely to open in negative territory, according to early indicators. Brent crude oil rose 0.5% to $73.32 per barrel, while US WTI crude climbed 0.59% to $69.91 per barrel. The rise in global oil prices added pressure on domestic equity markets, which are sensitive to energy cost fluctuations. Investors were cautious ahead of the trading session as global cues pointed to a subdued start for both the Sensex and Nifty.

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Indian Markets Set for Weak Open as Crude Oil Prices Edge Higher · ShortSingh