May 8 (Reuters) - Indian shares opened lower on Friday as oil prices rose again after renewed U.S.-Iran attacks in the Middle East dented hopes of a resolution to the conflict that has worsened the outlook for Asia's third-largest economy.
The Nifty 50 fell 0.53% to 24,198 as of 9:17 a.m. IST, while the BSE Sensex shed 0.56% to 77,411.26.
Twelve of the 16 major sectors logged losses. The broader small-caps and mid-caps rose 0.2% and 0.1%, respectively.
Other Asian markets fell 1.3% as Brent jumped above $100 a barrel after briefly slipping below the mark in the previous session, after U.S. and Iran exchanged fire on Thursday in the most serious test yet of their month-long ceasefire.
Among stocks, Dabur India rose 2% on quarterly profit beat.
Britannia Industries fell 4%, as multiple brokerages flagged a moderation in sales as a concern, despite the biscuits maker posting a rise in March quarter profit.
(Reporting by Bharath Rajeswaran and Kashish Tandon in Bengaluru; Editing by Sherry Jacob-Phillips and Mrigank Dhaniwala)
