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Indian shares extend losing run on elevated oil, bond yields
Indian share benchmarks extended their losing run on Tuesday as the absence of a Middle East peace deal drove up oil prices and bond yields, stoking concerns about foreign investor outflows from the local market. The Nifty 50 lost 0.28% to 22,716.2 and BSE Sensex fell 0.33% to 72,529.07. The indicative closing level of the 50-stock index briefly slumped 2.5% during the closing auction session, amid volatility due to monthly expiry of derivatives contracts. The benchmark indexes have shed close to 2% so far in a holiday-shortened week, on top of a nearly 6% drop in the last seven weeks, one of ...
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