Indian equity benchmarks BSE Sensex and NSE Nifty50 are likely to make a gap-down start on Tuesday, in more pain for investors from 11-month lows. Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty index — fell as much as 163.5 points or one percent to 15,615 early on Tuesday.

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There was sustained weakness across global markets amid fears that red-hot inflation in the US might trigger even more aggressive hikes in COVID-era interest rates and hamper economic growth.

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