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A security guard walks past the logo of the National Stock Exchange (NSE) in Mumbai, India, May 28, 2019.
BENGALURU, Aug 12 (Reuters) – Indian shares fell in early trade on Friday, as technology and auto shares fell amid weakness in other Asian markets, while investors awaited data on domestic inflation.
The NSE Nifty 50 index (.NSEI) was up 0.09% at 17,643.20, by 0350 GMT, and the S&P BSE Sensex (.BSESN) was down 0.08% at 59,287.62.
The Nifty’s IT index (.NIFTYIT), which gained 1.79% on Thursday, fell 0.51%, while the auto index (.NIFTYAUTO) fell 0.24%.
Market participants are awaiting consumer price index (CPI) data later in the day. India’s retail inflation eased in July due to falling food and fuel prices, but remained above the Reserve Bank of India’s upper tolerance limit of 6 percent for the seventh consecutive month, a Reuters poll showed. Read more
Broader Asian stocks followed Wall Street’s overnight weakness as investors fretted over uncertainty over the Federal Reserve’s interest rate hike to curb some of the softer inflation last month.
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Reporting by Rama Venkat from Bengaluru; Editing by Dhanya Ann Thoppil
Our standards: The Thomson Reuters Trust Principles.
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