Indian shares opened lower on Friday, extending losses for a third straight session as oil prices extended their surge on rising U.S.-Iran tensions and Infosys issued a weak revenue forecast.
Brent crude prices climbed toward $106 barrel, extending gains for a fifth consecutive session amid signs of escalating tensions in the Middle East.
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Market Analysis
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.