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India's Nifty 50 closes at 5-month low on elevated oil prices, bond yields
Indian shares fell on Tuesday on concerns over elevated oil prices and global bond yields ahead of this week’s Federal Reserve meeting, while gains in IT and the country’s largest private lender, HDFC Bank, limited losses. The benchmark Nifty 50 ended 1.19% lower at 23,118.6, its lowest close in five months, and the BSE Sensex shed 1.04% to 74,003.82. The indexes had opened about 0.8% higher after falling 4.8% in last five weeks. The 50-stock index briefly fell about 2.2% during the closing auction session (CAS), extending losses of 0.96% after the end of continuous trading at 3:15 p.m. IST. F...
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