Indian Shares Fall as IT and Reliance Stocks Slip
Indian shares retreated as losses in information technology and Reliance Industries offset gains in financials. IT stocks slumped amid worries over potential U.S. visa fee hikes and cautious sentiment ahead of Nvidia earnings.
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India's benchmark indexes fell on Wednesday afternoon as IT stocks and RELIANCE INDUSTRIES LIMITED dragged shares lower during the closing auction. Losses deepened late in the session, with the Nifty 50 dropping 0.52% to 24,207.75. The slide countered support from heavyweight financials and a dip in oil prices.
