Highlights

  • Equity benchmarks recover a bit from the day's lows
  • Gold at 2020 levels

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    Bears attack financial markets following a multi-year surge in black gold. Here is the market update for you:

    • Nifty saw a 100-point recovery from the day's low, currently trading near 15,850
    • Sensex also recovered 300 points, though benchmarks still remain 2.5% down
    • Rupee was 76.94 per U.S. Dollar, a record low level
    • After surging to the highest level of $140/bbl, Brent crude prices calmed a bit to $130/bbl
    • Gold surged to the highest level since August 2020
    • Banks and autos were the biggest losers, whereas metal stocks surged
    • Axis Bank, Indusind Bank, Maruti, Mahindra and ICICI Bank were the top five market losers
    CRUDE OILGoldStock market

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