Sensex, Nifty fall in volatile trading; energy, metal stocks drop

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BENGALURU: Domestic indices fell slightly in choppy trade on Tuesday, as cooling oil and metal prices dragged energy and steelmaker stocks, with a higher-than-expected inflation reading for February denting sentiment further.
By 0413 GMT, the blue-chip NSE Nifty 50 index was down 0.25% at 16,829.25 and the benchmark S&P BSE Sensex fell 0.22% to 56,360.95.
Government data on Monday showed the country’s consumer prices rose 6.07% in February, above the central bank’s 2% to 6% target for a second straight month.
A continued slide in oil prices dragged the Nifty energy index by 1%. Oil and Natural Gas Corporation was the biggest percentage loser on the Nifty 50.
The Nifty Metal Index lost 2.07%. Steelmakers Tata Steel and JSW Steel fell about 2.3% each.
In broader Asian markets, stocks fell on surging Covid-19 cases in China and lack of major progress in Russia-Ukraine negotiations….

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