INDIA STOCKS Indian shares fall as autos drag, awaits U.S. inflation data

📆 10.11.2022 12:55:00
📰 Reuters

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Indian shares fell on Thursday, weighed by auto and metal companies, as investors braced for crucial U.S. inflation data that will provide clues about the severity of the Federal Reserve's future interest rate hikes.

The U.S. consumer price index data for October is due at 1330 GMT, with economists polled by Reuters forecasting a decline in both monthly and yearly core numbers to 0.5% and 6.5%, respectively.

"Markets have been rising, gearing up for a less aggressive rate hike from the Fed. But with a fractured U.S midterm election verdict and the inflation data due, we are seeing some corrections with markets getting ready for some surprises, " said Anand James, Chief Market Strategist at Geojit Financial Services.

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INDIA STOCKS Indian shares fall as autos drag; U.S. inflation data eyedIndian shares edged lower on Thursday, dragged by auto and metal companies, as investors brace for crucial U.S. inflation data that will provide clues about the severity of Federal Reserve's future interest rate hikes.
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