The Nifty bank and financial services sub-indices are driving the fall in the headline index. Given their weight in Nifty, the effects are considerable. The Nifty technology sub-index is also being affected by fears of a longer credit squeeze in the US as consumer spending remains stronger than expectations. This is part of the heightened volatility in global markets that have run up in anticipation of a soft landing of the US economy. Read The Rest at :
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