Indian shares edge lower on oil and bond yields
Indian shares erased early gains as rising oil prices and global bond yields weighed on markets. IT stocks and HDFC Bank advanced while broader sectors declined amid macroeconomic pressures.
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India shares erased opening gains during Tuesday morning trading, weighed down by rising crude prices and global bond yields. The benchmark Nifty 50 fell 0.03% to 23,391.3, while the BSE Sensex rose 0.02% to 74,799.16. The downward pressure countered early gains in IT stocks and major lenders ahead of the United States Federal Reserve meeting.
