
Indian shares decline on oil spike as US-Iran attacks dent peace hopes

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Indian shares declined on May 8 due to rising oil prices following renewed U.S.-Iran attacks, which diminished hopes for peace in the region. The Nifty 50 index fell by 0.43% to 24,222.65, while the BSE Sensex dropped 0.48% to 77,484.74. This situation has worsened the economic outlook for India, the third-largest economy in Asia.

