Indian shares close lower after budget as Fed, high valuations weigh – Markets

BENGALURU: Indian shares closed marginally lower on Thursday after the country’s finance minister presented the interim budget without any major announcements as expected, as concerns over U.S. rate cuts and high valuations weighed on markets.

The NSE Nifty 50 index ended down 0.13% to 21,697.45, while the S&P BSE Sensex settled 0.15% lower at 71,645.30.

Both indexes were up about 0.3% ahead…