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Indian markets slide as oil prices climb
Higher crude prices drag Indian equities lower.
Benchmark indices declined sharply with the Sensex falling over 300 points as rising crude oil prices weighed on investor sentiment. Concerns over higher energy import costs overshadowed selective buying in small cap stocks, where several counters gained strongly. Market participants said elevated oil volatility, cautious global cues, and profit booking continue to drive short term swings in the Indian equity markets currently