Indian shares decline on concerns of fund outflows - GulfToday

Indian shares decline on concerns of fund outflows

Indian Economy

Picture used for illustrative purpose. File

Gulf Today Report 

Indian shares fell on Friday on fear of foreign fund outflows due to rising US Treasury yields.

By 03:51 GMT, The blue-chip NSE Nifty 50 index fell 0.83% to 14,437.45 and the benchmark S&P BSE Sensex slid 0.79% to 48,829.83.

Indian indexes have dropped by more than 1% for two straight sessions due to worries surrounding the surge in coronavirus cases. 


Asian,European stocks decline

Gold drops due to the firmness of dollar

Oil prices decline on discouraging demand outlook

Among individual shares and sectors, Future Group companies, including Future Retail and Future Consumer, dropped nearly 10% each.

Heavyweight financial stocks were the biggest losers. The Nifty Bank Index fell 0.69%. HDFC Bank shed 0.6% and was the top drag on the Nifty 50.




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