Sensex, Nifty end lower on profit booking after strong domestic growth data
Indian shares ended lower as some investors took profits on gains following strong domestic growth data and receding bets of a US rate hike. India’s Nifty 50 index closed down 0.25%, and the S&P BSE Sensex finished 0.31% lower. JP Morgan upgraded its forecast for India’s annual growth by 50 basis points to 5.5% for fiscal 2024 but warned of a global slowdown.
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