Sensex, Nifty end lower on profit booking after strong domestic growth data
Thursday, 1 June 2023 Indian shares ended lower as some investors took profits on gains following strong domestic growth data and receding bets of a US rate hike. India’s Nifty 50 index closed down 0.25%, and the S&P BSE Sensex finished 0.31% lower. JP Morgan upgraded its forecast for India’s annual growth by 50 basis points to 5.5% for fiscal 2024 but warned of a global slowdown.
Inflation Cooling , While Consumer Prices , Remain High.
In May, consumer price growth fell to
the lowest level since March of 2021,
according to Bureau of Labor Statistics. .
NBC reports that data..
Credit: Wibbitz Top Stories Duration: 01:31Published
The Eurozone, which consists of 20 member states of European Union that have adopted the Euro as their primary currency, has fallen into recession. After defying predictions of recession multiple..
Thursday, 1 June 2023
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