The BSI Sensex fell further to close about 1.4% down at 76,330 on Monday, its lowest since June 2024 and marking the fourth straight session of declines. Expectations of fewer rate cuts by the Federal Reserve, unabated foreign outflows, concerns over weaker domestic growth and persistent worries about slowing corporate earnings continued to weigh on market sentiment. The domestic market saw broad-based selling, with Zomato leading the declines, dropping 6.5%, while Power Grid Corporation and Adani Ports both fell by 4.1%. On the domestic front, the December inflation report drew special attention for insights into the potential direction of the RBI's interest rate policy.
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