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Indian shares decline on China COVID woes, hawkish Fed

November 22, 2022 00:00:00

BENGALURU, Nov 21 (Reuters): Indian shares closed at a near-two-week low on Monday, logging their third straight day of losses, dragged down by a rise in COVID-19 cases in China and the likelihood of a tighter US monetary policy.

The S&P BSE Sensex ended down 0.84 per cent to 61,144.84 and NSE Nifty 50 index lost 0.81 per cent to 18,159.95.

The Nifty IT and Nifty Realty indexes were top drags, falling 1.55 per cent and 1.27 per cent, respectively, while public sector bank, media, and consumer durables indexes gained.

Worries over China's COVID cases and US monetary policy also weighed on Asian and European markets.

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