💨 Abstract

Indian shares fell on Tuesday due to a higher-than-expected September inflation rate, which decreased expectations for domestic interest rate cuts this year. The Nifty 50 and S&P BSE Sensex indices dropped by 0.25% and 0.2%, respectively, as auto and IT stocks declined. This was primarily due to concerns about delayed rate cuts affecting the heavily bank-loan dependent auto sector and IT stocks.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖