Indian shares edge lower as subdued financials, inflation woes weigh
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BENGALURU - Indian shares inched lower on Tuesday, as heavyweight financial stocks slipped after a sharp jump in the previous session, while fresh inflation worries due to rising global crude prices also weighed on sentiment.
The NSE Nifty 50 index was down 0.1% at 18,041, as of 0355 GMT, and the S&P BSE Sensex fell 0.13% to 60,533.23.
The Nifty bank index fell 0.7%, while the finance index dropped 0.84%. Both the indexes had gained more than 4% on Monday.
Brent crude prices jumped on persistent supply worries globally, lifting Oil & Natural Gas Corp up 1.7%. [O/R]
Power Grid and NTPC Ltd gained 1% each on rising power demand due to hotter weather.
