Business Blog: Sensex, Nifty decline ahead of inflation data, IT earnings

Wednesday, July 12, 2023

Sensex, Nifty decline ahead of inflation data, IT earnings

Indian shares closed lower on Wednesday, with the Nifty 50 index dropping by 0.28% to 19,384.30, while the S&P BSE Sensex fell by 0.34% to 65,393.90. Ahead of key corporate earnings and inflation data, several brokerages have predicted a muted quarter for the IT sector due to spending cuts by clients in the United States and Europe.

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