Till Friday, the stocks declined over concerns that global growth will continue to slow in 2023 due to monetary policy tightening by various central banks to control inflation.
The benchmark stock indices extended their losses from the past week in line with weak fundamentals in US markets, which saw its sharpest weekly decline of 2023.
Benchmark stock indices extended their losses from the previous session as market sentiments remain subdued over global inflation and subsequent monetary policy actions by various central banks.
The key indices in the domestic market -- BSE Sensex went down 927 points and settled at 59,744.98 level while NSE Nifty lost 280 points and closed the session at 17,546.55 level.
An interest Rate Derivative (IRD) is a financial derivative contract whose value is derived from one or more interest rates, prices of interest rate assets, or interest rate indices.
The domestic equity markets on Tuesday continued with losses amid weak cues from global stocks. Indices of BSE IT, BSE Realty and BSE Financial Services also settled in the negative territory on Tuesday.
Domestic benchmark stock Indices -- Sensex and Nifty -- started the fresh week in the green as they rose marginally erasing some part of the losses from the previous session.