Dear Trader…
Indian equity benchmarks extended their losses in today session, with both Sensex and Nifty close near their intraday low points, on the back of mixed cues from other Asian markets. Traders got cautious after Reserve Bank Governor Shaktikanta Das said underlying economic activity in India continues to be strong, but external factors will cause some dent to the economy. Adding more worries, a private report stated that mergers and acquisitions (M&A) activity globally fell well short of the high-water mark set last year as debt financing markets collapsed and stock market volatility decimated valuations, and dealmakers are predicting a slow path to recovery in 2023.
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