Rising global inflation ignites market sell-off, rupee slides | Business News,The Indian Express

The benchmark indices declined on Thursday, taking cues from global peers as US inflation data hit a 30-year high on Wednesday, amid volatility due to the weekly expiry of F&O contracts.

Sector-wise, Nifty Realty was the top loser, shedding 2.3 per cent, whereas Nifty Auto, Nifty Metal, and Nifty PSU Bank ended lower by 1 per cent each.

Gold in the Capital jumped Rs 883 to Rs 48,218 per 10 gram in line with the firm global trends, as per HDFC Securities.

Global gold rose to near a five-month high, after high US pushed investors towards the safety of the precious metal.

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