Indian shares fall as banks, financials drag

BENGALURU: Indian shares opened lower on Friday, dragged by banks and financials and mirroring their Asian peers, as global risk sentiment remained subdued amid renewed worries over economic growth.

The NSE Nifty 50 index fell 0.4% at 17,554.20 at 0352 GMT, while the S&P BSE Sensex dropped 0.4% to 58,868.69.

Indian shares fall

The US Federal Reserve’s members’ projections for aggressive hikes and persistently high rates over the next year or so has unleashed another round of dollar buying that put other assets on the run.

The Nifty bank index was down 0.8%, while the finance index dropped 0.9%.