Stock Market LIVE Updates
: Indian equity benchmarks BSE Sensex and NSE Nifty50 fell on Friday tracking five-week lows in other Asian markets, as Fed Chairman Jerome Powell’s remark the US central bank will move aggressively to curb inflation brought back fears of steep hikes in pandemic-era interest rates. Losses across sectors pulled headline indices lower, with financial, IT and metal stocks being the biggest drags. Broader markets also weakened, with the Nifty Midcap 100 and Nifty Smallcap 100 indices falling close to one percent. Globally, news flow on the Russia-Ukraine war and rising COVID cases in parts of the world remained on investors’ radar.
(Edited by : Sandeep Singh)
First Published: IST
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