Indian shares slip amid global woes and MSCI rejig
Indian shares fell as rising oil prices and rate hike fears dampened sentiment. An MSCI index rejig and new closing mechanism spurred stock volatility. HDFC Bank declined after its CEO decided against seeking reappointment.
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India's Nifty 50 fell 0.39% to 24,080.40 points and the BSE Sensex shed 0.4% to 76,957.27 on Monday morning. The decline followed rising Brent Crude Oil prices and increased borrowing costs globally. The drop marked a monthly decline of 1.2% for the Nifty and 1.5% for the Sensex in August.
