Sentiment took a hit largely on a weak trend at
other Asian markets, with the Shanghai Composite index breaking below
the symbolic 3,000-mark, which contributed to the fall. Investors were
also worried over a crackdown on illegal trading, brokers said.
Meanwhile, government data which came out after trading hours on Monday showed retail inflation fell to a new low of 3.66 per cent in August. Even WPI inflation eased further to (-)4.95 per cent in August. The data raised expectations that the Reserve Bank of India would cut interest rates for the fourth time this year at its policy review due on September 29. http://post.jagran.com/market-discounts-rate-cut-hopes-sensex-plunges-151-points-1442290928
Meanwhile, government data which came out after trading hours on Monday showed retail inflation fell to a new low of 3.66 per cent in August. Even WPI inflation eased further to (-)4.95 per cent in August. The data raised expectations that the Reserve Bank of India would cut interest rates for the fourth time this year at its policy review due on September 29. http://post.jagran.com/market-discounts-rate-cut-hopes-sensex-plunges-151-points-1442290928
Source: Business New
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