New Delhi, June 14 (SocialNews.XYZ) 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.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz