Indian shares slip on COVID-19, inflation worries

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Indian shares slip on COVID-19, inflation worries
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Indian shares slipped on Thursday, with declines seen across most sectors after monetary policy minutes revealed strong concerns about elevated inflation, while fears about rising COVID-19 cases in China weighed on sentiment.

extended gains for a second consecutive session. India's health minister on Wednesday said the pandemic was "not over yet" given "the rising cases of COVID-19 in some countries".

"Healthcare, diagnostics and all pharma-linked stocks will be in focus over the next few days due to the re-emergence of COVID-19 cases in China, which has led to worries elsewhere," said Siddharth Khemka, head of retail research at Mumbai-based Motilal Oswal Services.Wall Street equities advanced sharply on Wednesday after data showed thatAsian markets also advanced after the bounce in U.S.

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