US stocks drop as Walmart profit warning spooks investors

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The Federal Reserve started a two-day meeting, and on Wednesday it is expected to announce a 0.75 percentage point interest rate hike to fight inflation. Investors have worried that aggressive interest rate hikes by the Fed could tip the economy into recession.

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The consumer services sector attracted maximum inflows in November to the tune of Rs 4,370 crore, after witnessing outflows of Rs 185 crore in October.

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