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

InternationalHurricane Erin Enters Into Category 2 Storm With Maximum Winds of 100 mph, Heavy Rainfall Over Caribbean Islands Likely

InternationalIowa Shooting: Two Killed, One Injured In Firing and Blast in Glenwood; Suspect Arrested

InternationalGeorgia Shooting: 5 Soldiers Injured at Army Base Camp in Fort Stewart

NationalDelhi: 8 Accused in Vehicle Theft Cases Arrested During Police Patrolling, Stolen Scooters and Bikes Recovered

InternationalArizona Plane Crash: 4 Medical Personnel Killed After Aircraft Headed to Hospital Crashes Near Chinle Airport

International Realted Stories

InternationalAs monsoon wreaks havoc in Pakistan, govt's negligence adds fuel to it: Report

International"Shameful indictment of international inaction": UN says 383 aid workers killed last year, nearly half in Gaza

InternationalTrump dials Putin, discusses holding trilateral meeting with Zelensky: Kremlin

InternationalBandaru Wilsonbabu appointed as India's next ambassador to Turkmenistan

InternationalTaiwan to launch regular inspections in 2025 to bar military, civil servants and educators holding Chinese citizenship