Indian equities closed lower amid weakness in auto, financial services, and private banking stakes, with Nifty ending below 18,300. However, small and mid-cap stocks outperformed heavyweight stocks, resulting in a higher top and higher bottom formation. European shares remained largely steady, with technology stocks offsetting declines in automakers, while investors awaited further eurozone economic data to assess when the European Central Bank may raise interest rates. US retail sales rose 0.4% in April, indicating half the pace predicted, with Home Depot shedding 3.3%, hitting its lowest level in over six months.
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