From Hindustan Times
Owned by HT MediaSensex, Nifty open negative after gains as markets recover from 2-year slump
What's behind this
On Friday, India’s benchmark Sensex and Nifty ended lower, ending a three‑day rally. The Sensex fell 318.56 points, about 0.39%, to 81,592.45, while the Nifty slipped below the 25,150 mark, closing around 25,144.30. The decline came as investors priced in a possible RBI policy rate hike after retail inflation rose to 6.09% in October. Selling pressure in banking, financial, realty and metal stocks, along with rising crude‑oil prices that revived inflation concerns, weighed on the market. All sectoral indices closed in the red, with realty, auto, IT, metal and private‑bank stocks among the biggest losers.
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RSS excerpt
On Thursday, the 30-share BSE Sensex advanced 31.61 points, or 0.04 per cent, to settle at 81,911.01.