Nifty, Sensex inch lower as banks, pharma drag [Reuters]
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Source: Reuters
Nifty, Sensex inch lower as banks, pharma drag | Reuters 3 Min Read (Reuters) - Indian shares edged lower on Tuesday in line with early weakness in Asian peers, due to losses in financials and healthcare stocks, but gains in oil marketers and an upbeat sentiment over a strong set of inflation data helped cap losses. The broader NSE Nifty was down 0.16 percent at 10,465.15 as of 0524 GMT, while the benchmark BSE Sensex was 0.18 percent trading lower at 34,751.88. Asian shares, which saw a sell-off earlier in the day after technology stocks dropped overnight on Wall Street, pared losses on hopes of a de-escalation of the Sino-U.S. tariff war. “What’s notable about our market is that we’re only flat; many participants would have expected a similar kind of drop in our markets, but that has not happened,” said Sunil Sharma, chief investment officer with Sanctum Wealth Management. A decline in crude prices, a set of healthy earnings growth when adjusted for public-sector banks, and strong m
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