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Indian equity benchmarks closed lower on Wednesday, tracking Asian peers, as appetite for risk assets soured over fears of a global economic slowdown.

Dear Trader…                          Indian equity benchmarks ended lower by around a percent on Wednesday amid a global sell-off, triggered by concerns about world economic growth. All sectors were in the red, with Power, Utilities and Telecom shares being the biggest draggers. Key gauges made a negative start and showed weakness throughout the session, as traders were cautious with the International Monetary Fund’s (IMF) Asia and Pacific Department’s Acting Director Anne-Marie Gulde-Wolf

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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”.