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Markets open in pink; Sensex fall 0.49%, trades at 59,319, Nifty down 0.5%

Minutes of the Fed’s March 15-16 meeting, launched on Wednesday, confirmed deepening concern amongst policymakers that inflation had broadened by the financial system and want for tighter financial coverage.

 Indian shares fell for a 3rd straight session on Thursday, as world sentiment soured after minutes of the US central financial institution’s final coverage meeting pointed to aggressive rate hikes and buyers awaited cues from the Reserve Bank of India’s coverage meeting on Friday.

The NSE Nifty 50 index was down 0.5% at 17,745, as of 0346 GMT, whereas the S&P BSE Sensex fell 0.49% to 59,319.48.

Minutes of the Fed’s March 15-16 meeting, launched on Wednesday, confirmed deepening concern amongst policymakers that inflation had broadened by the financial system and want for tighter financial coverage.

Investors now await the result of the Reserve Bank of India’s (RBI) three-day financial coverage meeting due Friday morning amid rising considerations of surging inflation.

Shares of Zee Entertainment fell greater than 1% after U.S. funding agency Invesco mentioned on Wednesday it plans to chop its stake in Zee by greater than a 3rd to 11%.

The Nifty Bank index fell 0.5% and the finance index dropped 0.7%. Both the indexes had been down for a 3rd straight day after gaining greater than 4% on Monday. 


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