Market wrapBusinessLine
Sensex Nifty edge down on profit taking inflation worries
Negative-8
GreyOak summary
Indian benchmark indices Sensex and Nifty declined on Friday due to profit-taking driven by October retail inflation reaching 6.09%, which breached the RBI's 6% threshold. Despite foreign institutional investors buying over 5,253 crore, caution regarding geopolitical tensions and rising crude prices led to a drop in rate-sensitive sectors like banking and IT. The broader market sustained weekly gains, but investors now face a guarded outlook as inflation concerns delay monetary easing expectations.
What it affects
- SENSEXNegative -8
Slipped 0.39% to 81,592.45Rolling sentiment Neutral +3
- NIFTY 50Negative -8
Rolling sentiment Positive +21
- CPI inflationNegative -17
Rolling sentiment Negative -54
