market

Nasdaq Fell 2.6%, Indian IT Rose. Then Oil at $114 Sank Defence Stocks

by
Oil pumpjack and tanker silhouette beside a falling red stock chart over the Mumbai skyline, illustrating why defence stocks are falling as crude near $114 drags Indian markets

The Nasdaq crashed 2.6%, but that is not why Indian markets fell on Friday. Oil near $114 a barrel, after drone attacks on Saudi Arabia’s…