From The Tribune
Owned by The Tribune TrustSensex falls 319 points, Nifty drops 155 points by closing as rising crude revives inflation concerns
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
The stock markets ended the week on a weak note on Friday, with the benchmark indices declining as rising crude oil prices revived concerns over inflation and the possibility of further interest rate hikes.