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Indian shares edge higher after selloff; oil, US rate worries cap gains
Indian shares rose on Wednesday after a recent slide, led by lenders and payment firms after the government’s fee on some UPI transactions boosted the sector. Gains were capped by high oil prices as the Middle East conflict worsened and caution ahead of an expected U.S. Federal Reserve rate hike later in the day. The Nifty 50 rose 0.43% to 23,217.6 and BSE Sensex added 0.45% to 74,336.45 points, respectively. They were up 0.46% and 0.40%, ahead of the closing auction. Twelve of 16 major sectors logged gains. The broader small-caps slipped 0.2% and mid-caps were muted. Banks, private banks, sta...
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