From Free Press Kashmir
Owned by Free Press KashmirSensex recovers over 400 points from day’s low, Nifty climbs above 25,200
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
Indian shares reversed most of the sharp early losses on Friday, with the Sensex surging over 400 points above its low of the day and the Nifty 50 closing above 25,200 levels, supported by positive global indices, persistent foreign inflow and a slight easing of crude oil prices. The 30-share BSE…