Indian shares fall as banks, consumer sectors drag

indian shares fall as banks consumer sectors drag

Sumary of Indian shares fall as banks, consumer sectors drag:

  • Article content BENGALURU — Indian shares edged lower on Thursday as consumer, financials, and metals stocks slipped, with a 2% fall in ICICI Bank weighing the most on the blue-chip Nifty 50 index.
  • Article content Indian equities have outperformed their Asian peers strongly this year as the economy reopened and vaccinations sped up, with the Nifty and Sensex rising 24.6% and 22.2%, respectively, during the period.
  • Shares of most consumer goods majors, including Hindustan Unilever, Dabur India and Godrej Consumer Products, fell between 0.9% and 1.45%.
  • The Indian arm of German engineering company Siemens fell as much as 7.8% and was on track for its worst day in 18 months after reporting a fall in quarterly profit.

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