Home Business Indian equity benchmarks closed more than 1% lower on Wednesday, with bond...

Indian equity benchmarks closed more than 1% lower on Wednesday, with bond yields at their weakest in over three weeks, as global stocks and oil prices declined amid mounting recession fears.

Dear Trader… Domestic equities fizzled out and traded in negative territory impacted by weak global cues, continued FIIs selling and depreciation in rupee. Nifty opened lower and remained under pressure through the day to finally end with a loss of 225 points (-1.4%) at 15,413 levels. Broader markets mirrored the benchmark and were down more than 1% each. All sectorial indices ended in red with Metals, Media, Realty and Oil

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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”.