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Owned by Daily Thanthi GroupMarkets snap 3-day rally; Sensex drops 318 points, Nifty slips below 25,150
What's behind this
Benchmark indices Sensex and Nifty ended lower on Friday, snapping a three‑day rally as investors priced in a possible RBI policy rate hike after retail inflation rose to 6.09 % in October. The 30‑share BSE Sensex fell 318.56 points, about 0.39 %, to 81,592.45, while the Nifty slipped below 25,150, closing near 25,144.30. Selling pressure in banking, financial, realty and metal stocks, together with rising crude‑oil prices that revived inflation concerns, weighed on the market. All sectoral indices closed in the red, and defence‑related stock Apollo Micro Finance rose roughly 8 % despite the broader decline.
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RSS excerpt
MUMBAI: Benchmark indices Sensex and Nifty ended lower on Friday, snapping a three-day rally amid anticipation of a policy rate hike by the RBI next month after retail inflation surged to 6.09 per cent in October. The 30-share BSE Sensex dropped 318.56 points, or 0.39 per cent, to settle at…