India’s blue-chip Nifty 50 index fell the most in a month on Tuesday as investors dumped high-flying automakers, IT firms and metal producers in a rout triggered by worries over faster tightening of monetary policy globally.

Dear Trader… Indian equity benchmarks failed to hold intra-day recovery and closed at day’s low on Tuesday tracking deep losses in basic materials, realty and telecom stocks amid widespread selling pressure in global markets. Key gauges made flat-to-positive start, as traders took some support with RBI article stating that India’s