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Both benchmark indices, Sensex and Nifty, slipped nearly 1% even after recovering from the early intra-day losses.
Indian stock market crashed nearly 1% on April 13 due to escalating Iran-US tensions.
KEY POINTS
- Crude oil prices briefly crossed $100, intensifying concerns about the West Asian conflict.
- Despite the energy shock, India's March retail inflation remained largely insulated due to stable fuel prices.
- GIFT Nifty futures rose over 1%, signaling a strong market opening when trading resumes.
- A below-normal monsoon forecast by IMD could increase food inflation and affect investor sentiment.
COMPANIES
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