International oil prices surpass $100, Indian stock market falls to an 11-month low.

The Indian benchmark stock index fell for the second consecutive day, as the civilian gas supply shortage worsened and international oil prices surged, dragging down economic growth prospects. The Indian NSE Nifty50 index fell by 0.8% to 23,673.05 points, with the S&P BSE Sensex index seeing a similar decline. The local stock market weakened in line with sell-offs in Asia-Pacific markets, with global energy price fluctuations suppressing market sentiment. Stocks of food delivery platforms and fast food chains were hit the hardest, with reports indicating that the shortage of civilian gas was forcing food businesses to reduce their menu offerings. Private banks and automotive stocks also declined. Small and mid-cap stocks saw more intense sell-offs, with related indices falling by up to 1.9%. Industrial credit investment banks in India fell by 2%, being the biggest drag on the Nifty50 index. Out of the 50 constituent stocks of the Nifty50 index, 4 rose and 46 fell.