Indian Shares Close Lower as Oil Prices and Foreign Outflows Weigh
The Nifty 50 fell 0.44% to 22,622.70. Higher oil prices and sustained foreign outflows weighed on sentiment as investors assessed earnings and awaited US inflation data.
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The Nifty 50 fell 0.44% to 22,622.70. Higher oil prices and sustained foreign outflows weighed on sentiment as investors assessed earnings and awaited US inflation data.
(Updates for markets close) By Bharath Rajeswaran Oct 14 (Reuters) — Indian shares closed lower on Wednesday as firmer oil prices and sustained foreign outflows weighed on risk sentiment after a rebound in the previous session, while investors assessed earnings and awaited key US inflation data. The Nifty 50 fell 0.44%
Indian shares are likely to open higher on Tuesday, extending their rebound from the previous session as supportive global cues and positive quarterly business updates lift sentiment ahead of a crucial central bank policy decision. GIFT Nifty futures were trading at 22,648 points, signalling a positive start for the be
The rupee was 95.97 per dollar at 11:30 a.m. IST, little changed from the previous close at 95.98, with state-run banks selling dollars after the spot opened and RBI intervention supporting the currency despite foreign portfolio outflows.
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