MUMBAI: India’s benchmark NSE Nifty 50 Index headed for a technical correction amid the global selloff triggered by rising concerns about the health of Swiss lender Credit Suisse Group AG.
The gauge slipped as much as 0.5% Thursday, bringing losses from an all-time high in early December to over 10%. The S&P BSE Sensex Index fell as much as 0.4%. Rising interest rates, coupled with this year’s rout in the Adani conglomerate’s stocks, have also weighed on the local market.
