As inflation debate rekindled in the US after the consumer prices rose by the most in 13 years, questioning the sustenance of the US Federal Reserve s loose monetary policy, markets globally slipped. This also set stage for a weak India opening, with SGX Nifty trading 40 points lower at 15,794 around 7.30 am. The S&P 500 and Nasdaq ended lower in overnight trade after hitting record highs earlier in the session. Overall, the Dow Jones Industrial Average fell 0.31 per cent, the S&P 500 lost 0.35 per cent and the Nasdaq Composite dropped 0.38 per cent. Asian markets traded mixed with Japan’s Topix index down 0.1% and South Korea’s Kospi 0.4%. Australia’s S&P/ASX 200 Index, meanwhile, rose 0.2%.
Tata Metaliks Ltd shares climb over 8% after June quarter earnings
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Volumes spurt at Power Grid Corporation of India Ltd counter
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Tata Metaliks Ltd shares mount over 8% after June quarter earning
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