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Markets slip into 'correction' zone
Business Standard
|November 14, 2024
Nifty, broader mkts fall over 10% from peak amid strong dollar, inflation
Domestic markets on Wednesday entered correction territory, with the benchmark Nifty and the broader market indices—Nifty Midcap 100 and Nifty Smallcap 100—declining more than 10 per cent from their all-time highs.
Rising domestic inflation and a strengthening US dollar added to market woes, which were already under pressure from earnings disappointments and sustained foreign outflows.
A fall of over 10 per cent from recent peaks is termed a technical correction. This is only the second time Nifty has entered the correction zone since the Covid-19 selloff in March 2020.
यह कहानी Business Standard के November 14, 2024 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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