From Deccan Chronicle
Owned by Deccan Chronicle HoldingsSensex Slumps 460 Points, Nifty Falls 179 In Early Trade
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
Profit Booking After Three-Day Rally, Inflation Concerns Weigh On Markets