Indian shares extend losses on rate hike and oil
Indian shares extended losses as the central bank delivered a hawkish rate hike and rising oil prices worsened inflation worries. Most major sectors declined while IT shares gained ahead of upcoming quarterly earnings.
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Indian shares extended losses on Thursday morning as the central bank's hawkish rate hike and rising oil prices added to mounting inflation worries. The Nifty 50 fell 0.54% to 22,482.1, while the BSE Sensex shed 0.48% to 72,290.77. Fourteen of the 16 major sectors logged losses following Wednesday's policy shift.
