Sensex falls 319 points, Nifty drops 155 points by closing as rising crude revives inflation concerns
Mumbai, Nov. 13 -- 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.
However, continued foreign investor inflows and strong corporate earnings provided some underlying support to the market.
The Nifty 50 index closed at 25,144.30, declining 155.05 points or 0.61 per cent, while the BSE Sensex closed at 81,592.45, falling 318.56 points or 0.39 per cent.
Vinod Nair, Head of Research, Geojit Investments, said, "The rate hike fear is set to test the market rally, as rising inflation concerns and the possibility of further monetary tightening weighed on investor sentiment. Domestic infl...
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