Stock Market India: Sensex, Nifty start in the red Indian equity benchmarks started Friday on a poor note, falling a touch after closing at a new record high in the previous session even as investors were looking to end the week on a high, with other Asian stocks on track to post their fourth consecutive weekly gain.
The BSE Sensex index fell 44.47 points to 62,247.95 in early trade, after closing at a new record high of 62,272.68 on Thursday.
"You want your rate hikes to mean something, so I think once everyone has digested their turkey and gotten back to work - probably early next week - we're going to hear some pretty hawkish stuff coming out of the Fed."
While some stock markets in Asia were supported by predictions of a slower pace of US monetary tightening starting as soon as next month, Hong Kong's Hang Seng plunged after record COVID-19 infections in China cast doubt on the future.
This crushed recent expectations that the world's second-largest economy would abandon stringent zero-COVID policy and accept the disease.
“In the next 12 months things will get better.

Source - NDTV
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