Can markets extend gains amid rising crude and rate hike fears?
Mumbai: Indian benchmark indices snapped a three-session winning streak on Friday as rising crude oil prices and a sharper-than-expected increase in retail inflation weighed on investor sentiment. Inflationary…
Attributed summary
Mumbai: Indian benchmark indices snapped a three-session winning streak on Friday as rising crude oil prices and a sharper-than-expected increase in retail inflation weighed on investor sentiment. Inflationary concerns and the possibility of a rate increase at the next monetary policy review dented D-Street sentiment.The BSE Sensex fell 318.56 points, or 0.39%, to close at 81,592.45, while the NSE Nifty50 declined 155.05 points, or 0.61%, to 25,144.30. Despite Friday's decline,…
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