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Benchmark indices muted as recession fears offset China recovery hopes

December 19, 2022
Source: indianexpress.com indianexpress.com
News Snapshot:
Indian shares opened little changed on Monday as hopes of demand recovery in China were offset by jitters over a potential global recession. The Nifty 50 index was up 0.01% at 18,268.60, as of 09:30 a.m. IST, and the S&P BSE Sensex opened 0.03% higher to 61,366.56. The information technology stocks fell 0.5% after Accenture Plc forecast lower-than-expected sales for the upcoming quarter. Among individual stocks, Sun Pharma fell nearly 2% after receiving a warning letter from the U.S. Food and Drug Administration for Halol facility in Gujarat. The stock was the top loser on the pharma index, which fell...
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China Tech Buzz Topics: Accenture | advertising | ASIA | bank | China | Covid-19 | drug | Economy | European | facility | food | index | Indian | information technology | Japan | sales | shares | stock | stocks | Sun | technology | U.S.

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