Finance
On Friday, Indian equity markets closed in the red, mirroring global peers, due to concerns about interest rate hikes and inflation.
Global stock markets fell as risk aversion and volatility gripped markets plagued by inflation and growth concerns. After a more than 3.5 percent drop in the S&P 500 index and a 5% drop in the Nasdaq 100 index on Thursday, U.S. futures fell, signalling further losses.
Back in India, the benchmark Sensex fell 866.65 points, or 1.56 percent, to end the day at 54,835.58, while the Nifty fell 271.40 points to 16,411.30.
IT, metal, and real estate indices all fell 2-3 percent. The BSE midcap and smallcap indices both fell 2%.
Source:Mint
