Key domestic equity market slumped on Monday, as tensions in the Middle East dragged global shares lower. Investors fled riskier assets like equities in favor of safer alternatives like gold and bonds. Meanwhile, Brent crude oil climbed above $70 a barrel, stoking fears of inflationary pressures. The Nifty slipped below its 50 days simple moving average (DMA) placed at 12,013.46, reporting its worst fall since 3 September 2019.
