City
Epaper

Indices extend losses, moderation in domestic inflation arrests steep downside

By IANS | Updated: June 14, 2022 10:20 IST

New Delhi, June 14 After bloodbath in the financial markets the previous day, domestic equity benchmark indices continued ...

Open in App

New Delhi, June 14 After bloodbath in the financial markets the previous day, domestic equity benchmark indices continued with their decline in opening deal on Tuesday morning.

At 9.41 a.m., sensex was down 0.3 per cent at 52,672 points, whereas nifty 0.3 per cent or 15,732 points.

Equity indices across the board witnessed a massive selloff on Monday after the US reported 40-year high inflation reading.

However, the steep fall in the indices back home in India this morning was arrested due to a moderation in retail inflation in the month of May.

India's retail inflation for the month of May moderated from the previous month and came in at 7.04 per cent, however, it remained above the the central bank RBI's 6 per cent upper tolerance band for a fifth month in a row.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: usNew DelhiThe new delhi municipal councilDelhi south-west
Open in App

Related Stories

InternationalColorado Nightclub Raid: Over 100 Illegal Immigrants Detain at Underground Nightclub in US; Video Surfaces

MaharashtraOver 10,000 Pakistani Nationals Traced in Maharashtra and Delhi Post-Palgham Terror Attack

BusinessGlobal Tech Firms Eye India for Manufacturing Amid US-China Tensions

InternationalIllinois Plane Crash: 4 Killed After Cessna C180G Aircraft Goes Down After Hitting Power Lines in Trilla

NationalPM Narendra Modi Discusses Tech and Innovation Collaboration With Elon Musk

International Realted Stories

InternationalNew Zealand strengthens preparedness for potential arrival of H5N1

InternationalGlobal military spending soars to USD 2.7 trillion in 2024; Russia, US, China, India, Germany account for 60%

InternationalIndia raises strong objection to terminology, reporting bias in BBC's Pahalgam coverage

InternationalOne dead as authorities declare 'mass casualty' after boat crashes in US

InternationalFinancial crisis hit Bangladesh as banks stop circulating new currency