Diabytes
Sensex, Nifty fall more than 1%; post biggest weekly drop since August
As global rout in equities battered Asian markets, while lingering concerns over inflation at home also weighed.
Trending Photos
12- 8
- 13
- 12
 "Sensex, Nifty fall more than 1%; post biggest weekly drop since August")
Indian shares fell more than 1 percent on Friday, posting their biggest weekly drop since August, as a global rout in equities battered Asian markets, while lingering concerns over inflation at home also weighed.
The benchmark BSE Sensex fell 407.40 points or 1.18 percent to 34,005.76, falling 3 percent on the week. While, the broader NSE Nifty dropped 121.90 points or 1.15 percent to 10,454.95, losing 2.8 percent for the week.
Asian stocks tumbled to two-month lows after US shares plummeted again in the face of rapidly rising bond yields.
Global cues have weighed on Indian stock markets with major indexes on track for a second straight weekly fall after embarking on a record-hitting spree in January.
US markets remained the epicentre of the global sell-off, with the Dow plunging 4.1% and the S&P 500 sinking 3.7% overnight.
Higher yields are seen hurting equities as they increase borrowing costs for companies and reduce their risk appetite. They also present a fresh alternative to investors, who may choose to allocate some of their money from equities to bonds.
(With agency inputs)
Live Tv
 "DNA: India's first digital beggar Raju dies")
 "DNA test of your utensils")
 "DNA: How to know if gold is real?")
 "DNA: What is the Fatehpur Sikri Masjid-Mandir controversy?")
 "DNA: Lok Sabha elections...Is there a game in voting?")
 "DNA: Rahul Gandhi-Akhilesh Yadav Holds Join Rally In Kannauj")
 "DNA: Analysis of Supreme Court's decision on Kejriwal")
 "DNA: 3 weapons of elections in India!")
 "DNA: Millionaires growth at double speed in Delhi-Mumbai!")
 "DNA: Scientists Discover a 'Phonetic Alphabet' Used by Sperm Whales")
