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  Rashtriya Sahara Roznama Sahara
Share Market: Sensex down over 1,300 points, Nifty below 16,600 amid weak global cues
Last Updated : 20 Dec 2021 01:00:17 PM IST

 

Amid a worsening pandemic in the Western world and weakness in global markets, Indian stocks slumped further on Monday. Down 10 per cent from their record highs, both Sensex and Nifty have now entered the correction zone.

Rising inflation, hawkish central banks, exploding Covid cases caused by the Omicron variant, sustained selling by FIIs and slowing growth momentum in the developed economies combined to produce the perfect storm that is spooking the market, said analysts.
 


IANS
Mumbai
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