Nifty, Sensex Fall For Third Straight Session On Darkening Global Outlook

Stock Market India: Equity benchmarks extended their decline for the third straight session, reflecting investors' sentiment for safety-first.

Equity benchmarks extended their decline for the third straight session on Friday, reflecting investors' sentiment for safety-first driven by major central banks' aggressive tightening path to tame elevated inflation, which has darkened the global economic outlook.

The BSE Sensex index fell over 100 points and the broader NSE Nifty opened lower. 

Following another day of losses for US equities and rising Treasury yields that highlight tighter monetary policy concerns and a faltering global economy, Asian bourses reflected a sea of red and heading for their sixth weekly decrease.