Sensex Sharply Declines by 970 Points in Early Trade Due to Rising Inflation
India's benchmark equity indices declined sharply in early trade on Monday as surge in inflation dented investors' sentiment.
New Delhi, April 18: India's benchmark equity indices declined sharply in early trade on Monday as surge in inflation dented investors' sentiment.
Consumer Price Index or retail inflation rose steeply in March to 6.95 per cent, which was above Reserve Bank of India's upper tolerance band of 6 per cent for three consecutive months. Congress Leader Rahul Gandhi Asks Government To Act Quickly Over Rising Inflation.
At 9.36 a.m., Sensex was at 57,368 points, down 970 points or 1.66 per cent, whereas Nifty at 17,220 points, down 256 points or 1.46 per cent. For fresh cues, all eyes would be on the Q4 earnings of India Inc.
(The above story first appeared on LatestLY on Apr 18, 2022 10:11 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).