From The Hindu BusinessLine
Owned by The Hindu Group (Kasturi & Sons)Sensex today | Stock Market Highlights: Markets snap 3-day rally; Sensex drops 318 points, Nifty slips below 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.
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Sensex, Nifty, Share Prices Highlights: 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.