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

MumbaiMumbai: Bomb Threat Call to US Consulate Traced to Mentally Unstable Youth Upset Over Visa Rejection

InternationalOrganic Ground Beef Recalled Over E. Coli Fears in US - Is Yours Affected?

InternationalTennessee: One Killed, Several Injured After Woman Suffers Seizure While Driving, Hits Pedestrians and Vehicles in Gatlinburg

InternationalUS: 250 Million Bees Escape After Semi-Truck Overturns in Whatcom County; Weidkamp Road Closed to Traffic

InternationalSan Diego Plane Crash: Drummer Daniel Williams Among 6 Killed After Small Jet Crashes Into Neighbourhood in California (Watch Video)

International Realted Stories

InternationalYemen's presidential council warns Houthis against dragging country into regional conflicts

InternationalUN chief calls for de-escalation leading to ceasefire in Israel-Iran conflict

InternationalIsrael says launched fresh airstrikes in Iran

InternationalCzech govt survives no-confidence vote over bitcoin scandal

InternationalMassive Volcanic Eruption at Mount Lewotobi Laki in Indonesia Triggers Red Alert, Flights Cancelled