Indian shares fell on Thursday, dragged by broad-based declines, as a surge in COVID cases in China dampened optimism generated by the reopening of the world's second-largest economy.
"The dullness in the market is not only due to expiry volatility, but also inflation worries in the U.S., rise in COVID-19 cases in China and rise in crude oil prices over the last few sessions," said Neeraj Dewan, director at Quantum Securities.
Analysts expect the volumes to be thin and the market to be volatile till next week, with the earnings season for the December-quarter being the next major trigger. Traders will settle their futures and options contracts as the December derivatives series, the last one of 2022, expires today. Wall Street equities closed lower overnight after investors assessed the U.S. Federal Reserve's rate hike path on mixed economic data released earlier in the week and concerns over a
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