The markets have taken a knock back approach after inflation numbers announcement, which are high by quite a percentage points as against earlier numbers of 6.68%.
Today it touched a 7% mark, which is ahead of market expectations of 6.52%. Capital Goods, technology, auto, banking, power and telecom stocks have hit hard. Market breadth is negative with ratio of 1:3 as 318 shares have advanced while 900 shares declined.
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