Sensex, Nifty Open Lower Amid Inflation Concerns, Rate Hike Fears

Mumbai, Nov 13: Indian equity markets opened in the red on Friday, with the Sensex declining around 180 points and the Nifty slipping 0.7% amid concerns over rising inflation and possible interest rate hikes.

At the opening bell, the Nifty 50 stood at 25,209.85, down 89.50 points, while the BSE Sensex opened at 81,833.78, shedding 77.23 points. Selling pressure intensified shortly after trading began.

Market experts attributed the cautious sentiment to concerns over rising inflation in India and the US, which could prompt central banks to tighten monetary policy. India’s October retail inflation reportedly rose to 6.09%, raising expectations of possible RBI rate hikes.

Broader market indices, including the Nifty 100, Midcap 100 and Smallcap 100, also traded lower. Sectoral indices such as Auto, FMCG, Metal and Private Bank witnessed losses.

Meanwhile, Brent crude prices climbed to USD 95.39 per barrel, adding to market concerns. Gold and silver, however, remained resilient despite a stronger US dollar and rising bond yields.