💨 Abstract

Indian shares closed lower on Wednesday after a strong initial gain following the Reserve Bank of India's shift to a neutral monetary policy stance, opening the door for rate cuts. The Nifty 50 index fell 0.12%, and the S&P BSE Sensex dropped 0.21%. Profit-taking was triggered by concerns over earnings, Middle East conflict, and foreign funds outflows. Consumer stocks fell 1.57%,

Courtesy: theprint.in

Summarized by Einstein Beta 🤖