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Benchmarks suffer 3rd straight session of losses; Nifty below 22,150
Stock markets got slammed today for a third straight session, with the Nifty 50 falling below 22,150. IT and banking stocks dragged the benchmarks, spooked by a nasty cocktail of worries. Rising US bond yields, a record-low Rupee, and simmering Middle East tensions. Foreign investors are pulling out of Indian shares, and strong US retail sales data is stoking fears of delayed US interest rate cuts.