Business

Indices extend losses, moderation in inflation arrests downside

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.

IANS

NEW DELHI: 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.

Are you in Chennai? Then click here to get our newspaper at your doorstep!

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

Power shutdown on January 3 in Chennai's Choolaimedu, Kodambakkam

Rs 20 L compensation paid after uncovered pit claims life in Namakkal

Allow only food, toy, fancy item stalls at Marina Beach: Madras HC

Rains cause mud slips, tree falls in Coonoor

2025 busiest for CMRL with over 11 crore ridership since launch 10 yrs ago