Market Falls for these reasons.
Indices extended losses on March 11 noon.
Key sectors contributing to the losses were financial services, IT, and automobile stocks.
Investor caution was heightened ahead of domestic and US inflation reports scheduled for March 12.
The upcoming inflation data is significant for identifying potential timing of interest rate adjustments.
Market decline mirrored weakness seen in Asian markets, particularly Japanese shares, following reports hinting at a potential interest rate hike by the nation’s central bank.
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