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BENGALURU: Home indices opened 2% decrease on Monday, with the rupee hitting a lifetime low as buyers awaited inflation information later within the day, whereas world markets plunged over fears of aggressive coverage tightening by the US Federal Reserve later this week.
The NSE Nifty 50 index was down 2.3% at 15,833.45, as of 0351 GMT, after touching its lowest in almost 4 weeks. The S&P BSE sensex fell 2.4% to 52,990.35.
The rupee touched a lifetime low of 78.28 to the greenback whereas the benchmark 10-year bond yield hit 7.60%, its highest since Feb. 28, 2019.
The Nifty IT index was down 2.6%, whereas the NSE financial institution index fell almost 3%.
Asian shares dropped over fears that the Fed would tighten coverage on Wednesday, after information final week confirmed the US client worth index hit its highest in over 40 years final month.
Rising Covid-19 instances in Beijing added to woes, solely a short while after town relaxed curbs to quell a latest outbreak.
The NSE Nifty 50 index was down 2.3% at 15,833.45, as of 0351 GMT, after touching its lowest in almost 4 weeks. The S&P BSE sensex fell 2.4% to 52,990.35.
The rupee touched a lifetime low of 78.28 to the greenback whereas the benchmark 10-year bond yield hit 7.60%, its highest since Feb. 28, 2019.
The Nifty IT index was down 2.6%, whereas the NSE financial institution index fell almost 3%.
Asian shares dropped over fears that the Fed would tighten coverage on Wednesday, after information final week confirmed the US client worth index hit its highest in over 40 years final month.
Rising Covid-19 instances in Beijing added to woes, solely a short while after town relaxed curbs to quell a latest outbreak.
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