Indian stocks slump snapping 4-day gains on elevated US inflation
Sep 14, 2022
New Delhi, Sept 14 (ANI): Snapping fourth straight session gains, Indian stocks opened on September 14 with a sharp cut on account of consistent red-hot consumer inflation in the US. Consumer inflation in the US though declined marginally in August to 8.3 per cent from 8.5 per cent in July but is way above the 2 per cent goal.
In the backdrop of the current over four-decade high inflation in the country, the US Federal Coming to the domestic indices, at 9.24 am, Sensex traded at 59,977.47 points, down 593.61 points or 0.98 per cent, whereas Nifty traded at 17,904.35 points, down 165.70 points or 0.92 per cent. Among the Nifty 50 companies, 38 declined and the rest 12 advanced this morning, National Stock Exchange data showed.
