Indian shares fall sharply, rupee hits 96.88 per dollar

Sensex, Nifty open sharply lower amid oil price spike and inflation concerns Mumbai: The stock markets opened with heavy selling pressure on Wednesday as the Indian rupee hit a fresh record low against the US dollar, while Brent crude oil prices continued to remain elevated amid global geopolitical tensions. The Nifty 50 index opened at 23,457.25, …