Indian shares fell more than 1 percent on Monday and were headed for their third straight session of losses on renewed worries about the impact of Britain's June 23 referendum on whether to leave the European Union and about upcoming central bank meetings.
India's annual consumer price inflation edged up for the second straight month to 5.76 percent in May, driven by higher prices of food and fuel products,
India's foreign exchange reserves hit a record high at $363.46 billion for the week ended June 3, mostly due to the central bank taking delivery of its forward-dollar contracts and dollar buying in spot foreign exchange markets, analysts said.
The Reserve Bank of India's reserves increased by $3 billion last week from $360.19 billion a week before, official data showed.
One analyst sa
Indian shares edged down on Friday and were headed for their first weekly loss in three, as caution prevailed ahead of the U.S. Federal Reserve meeting next week and Britain's referendum on European Union membership on June 23.
Global factors are likely to be the main drivers of Indian stock markets for the rest of the month, after they hit their highest levels since late October this week on hopes of an improving economy.
Fed officials meet next Tuesday and Wednesday, and the U.S. central bank is expected to
The BSE Sensex fell 0.7 percent on Thursday, retreating from a seven-month high hit a day earlier, as caution set in ahead of the U.S. Federal Reserve meeting, while Infosys slumped on worries about its outlook.
Indian shares have outperformed their Asian peers since the end of February as investors bet an improving domestic economy would boost corporate earnings. The BSE has surged around 17 percent during that period compared to about 12 percent for the MSCI's Asia-Pacific index excluding Japan.
Shares of LinkedIn surged 48 percent in premarket trading after the announcement while shares of Microsoft opened down 5 percent.Jeff Weiner will stay on as CEO of LinkedIn and will report to Microsoft CEO Satya Nadella. The deal was unaniIndian shares fell more than 1 percent on Monday and were headed for their third straight session of losses on renewed worries about the impact of Britain's June 23 referendum on whether to leave the European Union and about upcoming central bank meetings.
India's annual consumer price inflation edged up for the second straight month to 5.76 percent in May, driven by higher prices of food and fuel products,
The Reserve Bank of India's reserves increased by $3 billion last week from $360.19 billion a week before, official data showed.One analyst sa
