Indian shares fall on US rate bets
Indian shares dipped as escalating Middle East tensions and rising US rate hike expectations weighed on market sentiment. IT stocks led the broad-based selloff alongside losses in small-caps and mid-caps.
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India shares dipped Monday morning after four consecutive weekly declines, pressured by IT selloffs and escalating geopolitical friction. The Nifty 50 slipped 0.25% to 23,838.65, while the BSE Sensex shed 0.24% to 76,335.07. Fourteen of the 16 major sectors logged losses in early trading.
