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Indian shares edge lower as market consolidates after last week's surge
Indian shares edged lower on Monday, consolidating after last week’s rally fuelled by falling crude prices and optimism over foreign inflows. The Nifty 50 and Sensex fell 0.2% each to 24,931.2 and 80,837.24, respectively, as of 9:35 a.m. IST. The indexes had jumped about 10.5% in seven sessions till Friday, their longest winning streak so far this year, supported by strong foreign inflows, easing oil prices and unwinding of the global AI trade. Foreign investors have bought Indian shares worth over $4.1 billion so far in November — already their biggest monthly inflows since September 20...
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