Indian Shares Fall as Drone Attacks on Saudi Oil Facilities Lift Energy Supply Fears

Indian shares opened lower Thursday after drone attacks on Saudi Aramco's Shaybah oil field and King Fahd International Airport in Dammam, Saudi Arabia, raised concerns over further disruptions to energy supplies. The benchmark 30-share BSE Sensex fell 424 points, or 0.6%, to 73,285, while the NSE Nifty index dropped 182 points, or 0.8%, to 22,630. Tata Steel, Trent, BEL, Maruti Suzuki India, Asian Paints and Power Grid Corp declined 2-3%. Swiggy fell 4%, Hindustan Petroleum 2% and Adani Energy about 1% ahead of quarterly earnings due today. Eternal rose 1.4% on a 92% jump in Q2 consolidated net profit, and Indian Hotels added 2.4% after reporting a 19.5% rise in quarterly net profit.