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Sensex, Nifty Slide To One-Month Low As Fed Comments On Tightening Spurs Decline: Market Wrap


India’s stock benchmarks nearly halved the day’s losses, after getting off to a weak start, led by information technology, banking and metal stocks. FMCG stocks, however, bucked the trend in the weak market.Global markets too had withered after U.S. Federal Reserve Chairman Jerome Powell at the Jackson Hole annual economic symposium hinted of continuing the higher interest rate regime for prolonged period to arrest the surge in infl…





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