Markets weighed down by FMCG, IT stocks; ICICI Bank hits record high

Indian shares inched lower on Monday, dragged by consumer and information technology stocks, while banks scaled a record high after strong quarterly earnings from private lender ICICI Bank. The blue-chip NSE Nifty 50 index was down 0.2% at 18,088 by 9:25 am, while the benchmark S&P BSE Sensex fell 0.1% to…

Sensex, Nifty open lower as metal and auto stocks drop

Indian shares opened lower on Monday after four straight weeks of gains, weighed down by metal and auto stocks, while investors waited for cues from the U.S. Federal Reserve on its pandemic-era stimulus measures. The blue-chip NSE Nifty 50 index was down 0.3% to 17,526.9 by 9:31 am, and the benchmark S&P BSE Sensex…