From The Assam Tribune
Owned by Assam Tribune GroupSensex, Nifty retreat as banking and realty shares drag markets down
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
Mumbai, Nov 13: Benchmark equity indices ended a three-day winning run on Friday as selling pressure in banking, financial, realty, and metal stocks overshadowed recent gains. Investors remained cautious amid renewed concerns about price pressures impacting various sectors. The Sensex dropped 318.56…