Stock Market LIVE Updates: Domestic indices opened 2% lower on Monday, with the rupee hitting a lifetime low as investors awaited inflation data later in the day, while global markets plunged over fears of aggressive policy tightening by the US Federal Reserve later this week. Stay with TOI for all latest updates.
The NSE Nifty 50 index was down 2.3% at 15,833.45, as of 0351 GMT, after touching its lowest in nearly four weeks. The S&P BSE sensex fell 2.4% to 52,990.35. The Nifty IT index was down 2.6%, while the NSE bank index fell nearly 3%. The rupee dropped to a lifetime low while the country’s benchmark 10-year bond yield rose to its highest in more than three years as investor concerns over faster rate increases in the United States resurfaced following US inflation data.