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Indian equity markets came under heavy selling pressure on Thursday, October 8, as investors reacted to the Reserve Bank of India's (RBI) shift towards a tighter monetary policy stance.
Indian stock markets closed sharply higher on Friday, with the benchmark indices Sensex and Nifty gaining over 1 per cent each, supported by strong buying across sectors, particularly information technology (IT), amid positive sentiment following TCSs results.
With Brent crude prices spiking again to over $105 per barrel, US Treasury bond yields rising to a more than two-decade high and the rupee at close to 96.8/$, strong foreign fund selling pulled the markets sharply down on Thursday. Reliance Industries, HDFC Bank and Bharti Airtel led the slide as sensex lost 1,045…