Indices extend losses, moderation in domestic inflation arrests steep downside

by IANS |

New Delhi, June 14 (IANS) 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.

Latest News
Modi-Shehbaz Sharif meeting likely during SCO summit: Report Thu, Aug 11, 2022, 03:14 PM
Australia men's team donates prize money from Sri Lanka tour to support nation in economic crisis Thu, Aug 11, 2022, 03:02 PM
Howrah City Police arrested a housewife Thu, Aug 11, 2022, 02:56 PM
A Newborn, who was buried alive by her parents and rescued by a farmer Thu, Aug 11, 2022, 02:49 PM
Gujarati extortionist gets captured by Punjab Police. Thu, Aug 11, 2022, 02:46 PM
Frankfurt Airport sees 5mn passengers for 1st time since Covid Thu, Aug 11, 2022, 02:39 PM
Nadal confirms participation in Cincinnati Open Thu, Aug 11, 2022, 02:32 PM
Bencic defeats Serena Williams in emotional Toronto send-off Thu, Aug 11, 2022, 02:26 PM
Faf du Plessis roped in by Chennai Super Kings owners for CSA T20 League: Report Thu, Aug 11, 2022, 02:24 PM
2022 BRICS Games to be held online in September Thu, Aug 11, 2022, 02:18 PM
Skeletons peep out of Maha CM's 'mini-cabinet', 75% ministers face criminal cases Thu, Aug 11, 2022, 01:49 PM
Government Makes wearing of masks mandatory at public places Thu, Aug 11, 2022, 01:41 PM
Afif Hossain, Anamul Haque help Bangladesh win final ODI, deny Zimbabwe series sweep Thu, Aug 11, 2022, 01:15 PM
Will keep away from issues between Kerala govt and Guv: Congress Thu, Aug 11, 2022, 01:14 PM
Ross Taylor reveals accounts of racism in New Zealand cricket through his autobiography Thu, Aug 11, 2022, 01:10 PM