Home Business Indian equity benchmarks closed lower on Monday with investors fretting about contagion...

Indian equity benchmarks closed lower on Monday with investors fretting about contagion risks in the global banking system, as relief from a historic Swiss-backed acquisition of troubled Credit Suisse by UBS Group turned out to be short-lived.

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Dear Trader… Following negative cues from global peers and fears of a global banking crisis ahead of a Federal Reserve meeting to decide on more possible interest rate hikes, Indian equity indices closed lower on Monday even after recovering a sharp 554 points from the day’s low of 57,085. Dragged

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