Indian shares open lower, led by metal stocks
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Indian shares opened lower on January 30, led by a decline in metal stocks due to a weak rupee, ongoing foreign outflows, and rising oil prices. The Nifty 50 fell 0.57% to 25,272.5, while the BSE Sensex dropped 0.52% to 82,107.2. Thirteen of the 16 major sectors experienced losses, with the metal index down 3.3%. Investors are cautious ahead of the federal budget, and crude oil prices have surged to a five-month high, raising concerns for importers like India.
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