Consumer and metal stocks dragged Indian shares lower on Thursday after two straight sessions of gains, as weak US economic data stoked recession fears in global markets.
The Nifty 50 index was down 0.32 per cent at 18,107.85 at close, while the S&P BSE Sensex declined 0.31 per cent to 60,858.43.
“The crucial issue influencing equity markets globally is whether the U.S. will succeed in containing inflation without falling into a recession,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
