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Wednesday, May 25, 2022

As fears about rising inflation stoked rate hike fears across several markets around the world, strong selling by investors on Dalal Street pulled down the sensex by over 2k points in late trades on Monday. Some buying at lower levels in the closing hour helped the index to close at 57,492, down 1.5k points on the day. A rumour about a hike in long term capital gains tax rate in the Budget, which was later denied by the government, also added to investors’ nervousness, market players said.

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