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After falling for five consecutive days, is it time for rebound in Nifty or more pain on cards?

Karan DSIJ / Article rating: 4.0

It was a ‘Black Monday’ for Nifty as it extended its decline for the fifth day in a row and witnessed severe single-day fall in percentage terms since December 21. It ended below the important psychological mark of 14,700, down by 2 per cent. Also, volatility raised its ugly head and jumped 14.47 to breach its last six-month high.

L&T share price slumps 3 per cent despite securing large contracts in power transmission segment

Anthony Fernandes / Article rating: 5.0

The shares of L&T ended down by 3.61 per cent on Monday as the broad market index corrected by 1,145 points. This came despite the company's announcement that it has won a slew of orders with a total consideration ranging between Rs 2,500 and Rs 5,000 crore.