Financials, consumer stocks drag sensex, Nifty to third weekly loss
Friday, 11 August 2023
Indian shares fell for the third consecutive week, with financials and consumer stocks leading the losses. The Nifty 50 index ended 0.59% lower at 19,428.30, while the S&P BSE Sensex dropped by 0.56% to 65,322.65. The RBI's decision to increase the cash reserve ratio (CRR) for banks continued to influence financial stocks, which fell by 0.87%.
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