Mumbai, May 12 -- The domestic equity indices ended with steep losses on Tuesday, extending their losing streak to a fourth consecutive session amid mounting global uncertainty. Investor sentiment remained fragile due to rising crude oil prices, record rupee weakness, sustained foreign fund outflows and renewed concerns over the fragile U.S.-Iran ceasefire. Fears of prolonged disruption in global oil supplies and higher inflation further weighed on risk appetite. Selling pressure intensified in IT stocks after OpenAI launched a new $4 billion AI deployment venture, raising concerns over disruption in the technology services space. The Nifty settled below the 23,400 mark, dragged lower by sharp losses in IT and consumer durable stocks. All...
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