Indian shares fell on Friday, dragged by losses in financials and information technology (IT) stocks after strong economic data from the U.S. reignited rate concerns, while Asian peers were subdued after Japan's central bank left rates unchanged.
policy rates unchanged, after sliding ahead of the decision on speculation that it may take steps to remove stimulus measures.in the June quarter dampened hopes of an end to the U.S. Federal Reserve's policy tightening. The resilience in the U.S. economy provides room for the central bank to raise rates further to bring inflation down to its 2% target. [MKTS/GLOB]
"Most investors could hold back their investments and also start booking some profits at current levels after the recent rise," said Raghavendra Nath, managing director at Mumbai-based investment advisory firm Ladderup Wealth Management.rose 1% and capped further index losses. The stock had fallen 4.5% over the last five sessions after demerging its financial services unit.
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