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The US Federal Reserve's surprise hawkish shift last week has left investor community looking for cover as it fears a longer period of high inflation may push the Federal Reserve to taper its bond buying programme sooner-than-expected. Taking cues from global peers, the benchmark indices have declined over 2 per cent from recent peaks while the Nifty Bank index has tumbled over 5.50 per cent from its peak.
On Monday, the Indian benchmark indices clawed their way out of the early lows but were still trading half a per cent down. The weakness, however, can be seen as an opportunity by
