Indian shares open lower on US debt deal concerns

BENGALURU: Indian shares opened lower on Wednesday after hitting five-month highs in three sessions in a row, as caution set in ahead of the US Congress’ approval of the debt deal, while fresh concerns about China’s stuttering economic recovery weighed on the sentiment.

FMCG, financials stocks lift Indian shares to new five-month highs

The blue-chip Nifty 50 index was down 0.26% at 18,585.35 as of 9:18 a.m. IST, while the benchmark S&P BSE Sensex lost 0.26% to 62,801.08.