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Indian shares closed lower on Tuesday, led by losses in banking and metal stocks amid a selloff in global markets sparked by a surge in the Delta variant of the coronavirus.

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Dear Trader… Indian shares closed lower on Tuesday, led by losses in banking and metal stocks amid a selloff in global markets sparked by a surge in the Delta variant of the coronavirus. Traders remained cautious over rising Delta variant of Covid-19 cases globally, fear of possible lockdown and impact of rising inflation on economic recovery. Traders were also concerned as Asian Development Bank has downgraded India’s economic growth forecast

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Nikhil Bhatt is a SEBI registered individual Research Analyst under the SEBI (Research Analysts) Regulations, 2014 is an entrepreneur, global thought leader with a sound understanding trend of BSE, NSE, financial industry segments and investment trends. According to Nikhil Bhatt, “Our mission is to spread financial awareness and improve financial literacy in a concise, simple and easy-to-understand manner. Backed by scientific research, ethical principles and reliable data, our publications benefit and guide the Indian financial / non financial community like merchants, managers, investors, traders and readers. We seek to make investment decisions more objective and mature”.