Indian shares fell as investors took profits from the Nifty 50, which has risen almost 5% this fiscal year. Weak global cues amid US debt ceiling negotiations also weighed on the market. Financials and information technology sectors led losses in the Nifty. The index dropped 0.57% to close at 18,181.75, while the S&P BSE Sensex fell 0.6% to 61,560.64. Metal stocks were also down by nearly 1% due to concerns over demand recovery in China. Realty and media sectors lost over 1% and 2%, respectively, dragged by weak earnings of key constituents such as Oberoi Realty Ltd and PVR INOX Ltd. Amber Enterprises Ltd and CrediAccess Grameen Ltd saw jumps of more than 15% and 7%, respectively, on strong March-quarter results. LIC Housing Finance Ltd tumbled 6.14% on a profit slide. Global equities were muted due to ongoing debt ceiling negotiations in the US and weak data from China. Asian markets were also subdued.
>>Join our Facebook Group be part of community. <<