Indian shares ended lower as some investors took profits on gains following strong domestic growth data and receding bets of a US rate hike. India’s Nifty 50 index closed down 0.25%, and the S&P BSE Sensex finished 0.31% lower. JP Morgan upgraded its forecast for India’s annual growth by 50 basis points to 5.5% for fiscal 2024 but warned of a global slowdown.
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