Indian shares drifted lower in cautious trade on Thursday, giving up earlier gains after the U.S. Federal Reserve cut interest rates by quarter point, matching the rate cuts seen in September and October in another divided vote.The benchmark BSE Sensex was down 170 points, or 0.2 percent, at 84,220 while the broader NSE Nifty index slipped 52 points, or 0.2 percent, to 25,705.Tata Steel rose 1.2 p...
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Market Analysis
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.