Sensex Slips Over 300 Points, Nifty Trades Below 16,500; Tata Motors, Maruti Among Top Drags

The Indian equity indices traded lower on Friday taking cues from the global markets.

The Indian equity indices traded lower on Friday taking cues from the global markets. Asian shares extended a global slump after the fastest U.S. inflation in four decades and a hawkish European Central Bank (ECB) bolstered expectations for more aggressive rate hikes, hammering sentiment already stung by the Ukraine war.

Back home, as of 9:18 am, the benchmark BSE Sensex slipped 341 points or 0.62 per cent to 55,123; while the broader NSE Nifty fell 117 points or 0.70 per cent to 16,478.