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Indian shares close down as investors eye inflation data

November 15, 2022 00:00:00

BENGALURU, Nov 14 (Reuters): Indian shares closed lower on Monday, following the previous session's rally, as investors awaited domestic inflation data for clues on the central bank's interest rate trajectory, while the corporate earnings season draws to a close.

The NSE Nifty 50 index closed 0.11 per cent lower at 18,329.15. The S&P BSE Sensex slipped 0.28 per cent to 61,624.15.

Both indexes rose more than 1.75 per cent on Friday as cooling US inflation raised hopes for a less-hawkish Federal Reserve.

"Although there were favourable domestic indicators, the market was under pressure due to weakness in the US and other Asian markets," Vinod Nair, head of research at Geojit Financial Services, said.

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