Nifty, Sensex Dip Over 2.3 pc on Weekly Basis Over Global Inflation Fears

Nifty, Sensex Dip Over 2.3 pc on Weekly Basis Over Global Inflation Fears

The Indian equity benchmarks have posted a strong weekly loss, with the Nifty dipping 2.33% and the Sensex losing 331 points. The losses are attributed to global inflation fears and higher crude prices. The Nifty lost 2.33% during the week and dipped 0.43% on the last trading day to reach 23,767. At close, Sensex was down 331 points, or 0.43%, at 76,059. It lost 2.68% during the week. The losses are a result of the ongoing concerns over global inflation and the impact of higher crude prices on the Indian economy. The Indian equity market has been affected by the global economic trends and the impact of higher crude prices on the Indian economy.