Home Business Indian equity benchmarks closed nearly 2% lower on Monday, hurt by a...

Indian equity benchmarks closed nearly 2% lower on Monday, hurt by a selloff in information technology (IT) stocks, as increasing cases of the Omicron corona virus variant spooked investors ahead of the central bank’s decision on interest rates.

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Dear Trader… Indian bourses closed in red terrain in today session with Sensex and Nifty future down by 949 and 289 points, respectively. Selling in frontline blue chip stocks such as HCL Tech, Indusind Bank and Infosys weighted down on the markets. Besides, broader indices were also trading in red,

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Nikhil Bhatt is a SEBI registered individual Research Analyst under the SEBI (Research Analysts) Regulations, 2014 is an entrepreneur, global thought leader with a sound understanding trend of BSE, NSE, financial industry segments and investment trends. According to Nikhil Bhatt, “Our mission is to spread financial awareness and improve financial literacy in a concise, simple and easy-to-understand manner. Backed by scientific research, ethical principles and reliable data, our publications benefit and guide the Indian financial / non financial community like merchants, managers, investors, traders and readers. We seek to make investment decisions more objective and mature”.