Indian shares open lower on banking and tech losses
The Hindu
Tech stocks fell for a third straight session,with Infosys Ltd. dropping 1.7% to lead losses on the Nifty 50
Indian shares opened lower on September 29, moving further away from record highs scaled last week, as banking and technology stocks extended falls.
The blue-chip NSE Nifty 50 index was down 0.51% to 17,657.95, and the benchmark S&P BSE Sensex fell 0.62% to 59,296.54.
Broader negative sentiment also weighed as economic uncertainties ahead of a scheduled tightening of U.S. monetary policy and deepening concerns over persistent inflation sent U.S. Treasury yields soaring.
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