News > Indices’ three-day winning streak hits a bump

Indices’ three-day winning streak hits a bump

CNBC TV18 | 31/05/2022 08:45 PM | Click to read full article

Indian indices broke their three-day winning streak on May 31 even as most of the Asian peers ended the day on a strong note. The rise in crude prices and its cascading effect on the worsening situation due to inflation deterred investors from equity markets today.

The crude prices edged beyond $120 per barrel amid tight supply after the European Union announced further cuts in oil imports from Russia by the end of this year.