Inflation Continues To Dog Domestic Markets

The BSE Sensex slumped 0.68 per cent in the last two weeks to 58,840 on September 16 whereas the Nifty 50 index closed at 17,530.85 points. Meanwhile, the Small-Cap index surged by 0.49 per cent to 29,199.39 and the Mid-Cap index declined by 0.09 per cent to 25,558.21. Rating agency Fitch reduced India’s projected GDP growth for the current fiscal year from 7.8 per cent to 7 per cent earlier this week, citing a slowdown brought on by increased inflation, tighter monetary policy and global economic stress.