Indian shares dip as ITC weighs on benchmarks

By Vivek Kumar M and Bharath Rajeswaran (Reuters) -India’s benchmark indexes fell on Wednesday, dragged by a drop in heavyweight ITC, even as positive global cues buoyed broader sentiment. The Nifty 50 was down 0.25% at 24,765.35, while the BSE Sensex traded 0.27% lower at 81,332.03 as of 10:35 a.m. IST. ITC, the sixth heaviest…

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Oil prices drop as investors react to Biden’s exit, focus on Fed rate cuts; brent crude at $81.95/bbl

Oil prices declined on Monday following President Joe Biden’s announcement that he would not pursue a second term, while investors speculated about potential U.S. interest rate cuts as early as September. By 1327 GMT, Brent crude futures had decreased by 68 cents, or 0.82%, to $81.95 per barrel. U.S. West Texas Intermediate crude futures dropped…

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