News
March 13, 2023
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Indian shares hit 5-month low as banks drag; await inflation data

Indian shares have hit a five-month low, pulled down by a fall in financial stocks prompted by Silicon Valley Bank\’s collapse. The Nifty 50 dropped 1.5% to 17,154.30, while Sensex slid 1.52% to 58,237.85. Easing fears of contagion, further rate decisions are due by several central banks, and US authorities have announced plans to limit […]

Economy, Tech
February 22, 2023
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Indian shares continue slide on rate jitters ahead of Fed, RBI minutes

[ BENGALURU: Indian shares fell for the fourth session in a row on Wednesday and recorded their worst day in over three weeks after strong U.S. data fuelled worries about higher-for-longer interest rates. The Nifty 50 index closed down 1.53% at 17,554.30, its lowest in over four months. The S&P BSE Sensex fell 1.53% at […]

Economy, Tech
February 22, 2023
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Indian shares fall on rate-hike worries ahead of Fed, RBI minutes

BENGALURU: Indian shares extended losses on Wednesday after strong economic data from the US kept investors worried that central banks, including the US Fed, would have to keep raising interest rates to tackle inflation. The Nifty 50 index was down 0.86% at 17,674.50, while the S&P BSE Sensex fell 0.85% at 60,150.93 as of 10:34 […]