News Snapshot:
The benchmark Sensex on Thursday saw its biggest drop in six months as concerns around inflation, valuations and policy normalisation by the Reserve Bank of India (RBI) triggered risk off bets. Sentiment was further dented with Morgan Stanley becoming the latest foreign brokerage to sound caution on the domestic market. The benchmark Sensex closed at 59,984, down 1,158 points, or 1.9 per cent—most since April 30. The index slipped below the 60,000 mark after 13 trading sessions. This was also the sixth biggest fall of the year. The Nifty 50 index fell 353 points, or 1.9 per cent, to finish...
