Commodities
Indian Shares Steady Amid Rising Oil Prices and Q1 Earnings
Indian shares are expected to open steady on Friday as investors track developments in the Middle East and quarterly earnings.
The Nifty 50 and BSE Sensex indexes have gained more than 1% each this week, setting the stage for a second consecutive weekly climb.
Brent crude futures rose for a third consecutive session, climbing above $83 a barrel on concerns over shipping through the Strait of Hormuz after Iran proposed restrictions on vessels deemed hostile.
Higher oil prices are negative for India, which imports a bulk of its crude requirements.