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Nifty Settles At 17, 207 Points While Sensex Slips For 4th Day, Ends With 149 Points Lower

Sensex on other hand slips for 4th day, ends 149 points lower. Indiabulls group stocks fall up to 20 per cent

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Selling went on for the fourth meeting on Monday, driving benchmark records further lower as the circumstance stayed basic on the Ukraine-Russia line with expanded shelling by separatists. While bank and monetary stocks offered a few help to the files and checked the misfortunes, metals, pharma and realty stocks drove the failures' chart.

Today Nifty opened lower however somehow remained over the essential 17,000 levels. It has been trading a more extensive scope of 16,800-17,400 throughout the previous one month and requires a definitive breakout on other side for a clear direction. Further issues like Inflation, FIIs selling and forthcoming Fed rate climb could add to the instability in the close to term. Sensex on other hand slips for 4th day, ends 149 points lower. Indiabulls group stocks fall up to 20 per cent.

Ascending for the fifth consecutive day, the rupee stretched out gains by 11 paise to close at 74.55 against the US dollar on Monday on the rear of a weak dollar and gentler unrefined petroleum costs in the midst of any expectations of a strategic answer for the Russia-Ukraine emergency. The nearby unit opened solid at 74.51 to a dollar and later erupted to the day's high of 74.35 as unrefined petroleum exchanged beneath USD 95 for each barrel. The rupee later surrendered a portion of the increases because of losses in the homegrown value markets and forex surges, before at long last completing at 74.55.

Apart from this, oil giant Saudi Aramco is seeing indications of more interest all over the planet, particularly in Asia. CEO Amin Nasser said this on Monday.

Talking at a gathering in Saudi Arabia, Nasser added that while the stock of oil is near arriving at pre-pandemic levels, there is certainly not a sufficient degree of interest in the area to support worldwide interest in the short-to mid-term.


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