Rounak Jain,Bhakti Makwana10 Mar 2023, 17:53
India’s benchmark indices Sensex and Nifty50 slumped lower for second consecutive session with 1% each on Friday led by a heavy sell-off in banking, financial services and realty stocks. The HDFC twins were amongst the top five losers. The fall in the Indian indices comes ahead of crucial US jobs data set to be released later today. Investor worries have risen following hawkish comments by the US Federal Reserve chairman Jerome Powell this week. The jobs data will be one of the key deciding factors for future rate hikes.