Archive · Business Recorder
India benchmark shares fall as inflation woes overshadow RBI support measures
Indian benchmark indexes fell on Monday as investors assessed the Reserve Bank of India’s latest measures to support the rupee, while concerns over elevated oil prices and a weaker monsoon kept risk sentiment subdued. The Nifty 50 fell 0.7% to 22,363.35, while the BSE Sensex lost 0.76% to 71,924.68. Both indexes snapped their longest weekly losing streaks in 25-years on Friday after rebounding from multi-year lows, but Monday’s early gains faded. Investors now await domestic inflation data for further clues on the policy outlook after the RBI raised rates last week. “Market sentiment remains h...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →