Rise in oil prices to $114 a barrel triggers broad-based slide in Indian shares

** Indian shares decline, with benchmark Nifty 50 .NSEI and Sensex .BSESN dropping 1.1% and 0.8%, respectively, driven by a surge in oil prices

** Nifty and Sensex down about 3% each this week

** Brent crude futures rise to $114 a barrel after Houthi attacks in Saudi Arabia stoke concerns of further disruption to energy supplies from the Middle East O/R

** On the day, fifteen of 16 major sectors decline; energy stocks .NIFTYENR lead losses with a 3.1% drop

** High-weight financials .NIFTYFIN, banks .NSEBANK dip 1.3% each

** IT .NIFTYIT bucks the trend, rising 0.5%; analysts view Indian software firms as a relative hedge against the AI-trade amid drop in global tech stocks

** Broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 dip 3.8% and 2.7%, respectively

** Among stocks, Swiggy SWIG.NS tumbles 16% to a record low after the food delivery firm's quick commerce business posts a wider loss

** Colgate-Palmolive India COLG.NS dips 4.7% after missing September quarter profit estimates