Indian stocks saw declines for the second consecutive session on Friday, pulled down by an extensive drop amid steady profit booking following the Reserve Bank of India‘s indications that tighter monetary conditions could continue. Although the benchmarks held on to their weekly gains, the Nifty 50 closed 0.38% lower at 18,563.40, while the benchmark S&P BSE Sensex fell 0.35% to 62,625.63. The fall in domestic equities was in contrast to Wall Street’s overnight earnings and Asian equities on Friday. The market is eagerly awaiting rate decisions from the European Central Bank and Bank of Japan next week and inflation data, both in India and the US, due next week.
Indian Shares Trim Weekly Gains on Profit Booking After RBI Policy Review
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