Home Business Domestic equity indices witnessed bloodbath on Monday as 40-year high inflation reading...

Domestic equity indices witnessed bloodbath on Monday as 40-year high inflation reading in the US triggered selloffs across the board.

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Dear Trader… Extending their losing streak for second straight session, Indian benchmark indices ended the Monday’s session on disappointing note, with Sensex and Nifty breaching their crucial psychological 52,900 and 15,800 levels, respectively. Markets started the week with a sharp cut and remained under pressure throughout the session, as investors awaited inflation data later in the day, while global markets plunged over fears of aggressive policy tightening by the US

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