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.
The benchmark BSE Sensex plunged 707 points, or 0.9 percent, to 76,956 in early trade, while the broader NSE Nifty index plummeted by 195 points, or 0.8 percent, to 23,977.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.