Rate, inflation worries set Indian shares for worst week since May 2020

Indian shares slipped in volatile trade on Friday and were on course for their worst week in over two years, hit by worries that rapid increases in policy rates targeted at taming inflation could derail economic recovery. The NSE Nifty 50 index slid 0.51% to 15,282.45, as of 0446 GMT, while the S&P BSE Sensex fell…

Paytm shares recover for 2 straight sessions, rise over 16%

Shares of One97 Communications, Paytm’s parent firm, recovered sharply for the second straight session after falling sharply for the first two days. Paytm shares were trading nearly 16 per cent higher on the Bombay Stock Exchange (BSE) at above Rs 1,700 apiece at 12:50 pm. On the NSE, too, the shares of the leading…

Sensex, Nifty open higher as auto and banking stocks gain

Indian shares opened higher on Monday, hovering near record highs and advancing for the third straight session, helped by gains in auto and bank stocks. The blue-chip NSE Nifty 50 index rose 0.41% to 17,926.85 by 9:15 am, and the benchmark S&P BSE Sensex was up 0.45% at 60,321.52. Indian shares have outperformed…