From ABP Live
Owned by ABP GroupInflation Hits Two-Year High, Dalal Street Sees Red: Sensex Ends 300 Points Down, Nifty Under 25,150
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.
AI-generated overview from 8 outlets. It summarises their reporting and adds no reporting of its own.
RSS excerpt
Indian equity markets ended Friday's session lower as a sharp acceleration in retail inflation to a two-year high weighed on investor sentiment. Selling across financial services, automobile, realty and metal stocks dragged the benchmarks, while rising crude oil prices and uncertainty over global…