Stock market latest: Sensex tanks, Nifty drops too
India Today
Nifty 50 index fell 1.1 per cent to 17,408.65, while the S&P BSE Sensex was down 1.1 per cent at 58,289.21.
Indian shares fell over 1 per cent on Friday, in line with global markets after strong US inflation data drove fears of an aggressive rate hike by the Federal Reserve.
The NSE Nifty 50 index fell 1.1 per cent to 17,408.65, while the S&P BSE Sensex was down 1.1 per cent at 58,289.21.
The Indian central bank on Thursday maintained its dovish stance and said continued policy support was warranted to help the recovery in Indian economy.
Asian share markets fell on Friday after U.S. markets overnight had sold off more aggressively after U.S. consumer prices rose solidly in January, leading to the biggest annual increase in inflation in 40 years.
Shares of two-wheeler maker Hero Motocorp fell 2.3 per cent after reporting a fall in quarterly profit.
ALSO READ | India among top 5 economies for ease of starting new business: Global survey
