BENGALURU : Indian shares kicked off May on a tepid note, weighed down by losses in automobile and IT stocks, as investors cautiously awaited an expected rate hike by the U.S. Federal Reserve this week.
Some losses on the Nifty 50 were capped by Coal India and HDFC Bank, advancing 2.6 per cent and 1.4 per cent, respectively. Market participants will also watch for signals about the future path for interest rates, the Fed's plans for reducing its balance sheet and its view on when inflationary pressures will recede.
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