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New Delhi, April 18 (IANS) India's benchmark equity indices
declined sharply in early trade on Monday as surge in inflation dented
investors' sentiment.
Consumer Price Index or retail inflation rose steeply in March to
6.95 per cent, which was above Reserve
Bank of India's upper tolerance band of 6 per cent for three consecutive
months.
At 9.36 a.m., Sensex was at 57,368 points, down 970 points or 1.66
per cent, whereas Nifty at
17,220 points, down 256 points or 1.46 per cent.
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