Indian shares opened lower on Tuesday as weak economic data from China fuelled fears that a rapid spread of COVID-19 cases in the world's second-largest economy could weigh on both its economy as well as global growth.
, according to official data – as COVID-19 infections slammed production lines and demand after Beijing eased stringent curbs.last up 0.45%.
Capping the losses in domestic equities are oil prices, which fell on global growth concerns after International Monetary Fund predicted a tougher 2023 for the global economy. Lower oil prices aid oil-importing countries like India, where crude constitutes the bulk of the country's import bill.Thirty-six of Nifty 50 constituents declined, with heavyweight Reliance Industries
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