India Nifty Extends Losing Streak on Crude and Yields
Indian shares fell as high crude oil prices and rising global bond yields weighed on risk appetite. The Nifty 50 index dropped for seven straight sessions, marking its longest losing streak in eleven months.
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India's Nifty 50 index fell 0.32% to 24,078.30 on Wednesday, logging its longest losing streak in 11 months amid rising global bond yields. The benchmark dropped for seven consecutive sessions, sliding 2.1% over the period. Higher borrowing costs and surging commodity prices have sapped risk appetite across emerging markets.
