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# 265 Daily Money Show | Money Purse Stock Market News
Takeaway
Broad selloff with commodity inflation hitting wheat, palm oil and coffee at multi-year/lifetime highs.
Summary
- Nifty closed 382 points down at 15,863; Bank Nifty fell 1,536 points to 52,842.
- Mid- and small-cap indices declined 2.29% and 2.32% respectively; gold fell 2.41% to Rs 53,827.
- Commodity inflation concerns: wheat at 15-year high, palm oil at lifetime high, coffee at 11-year high.
- Government may be forced to act on essential commodity prices to counter inflation; multiple SEBI media penalty actions on private firms noted.
market-updateinflationcommodities
Original description
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