Syria strikes: Sensex plunges 221 pts, Nifty drops below 9,200-mark

RBI's warning about higher inflation also weighed in on the investors

Indian markets posted their biggest single day drop in nearly two weeks after US missile strikes against Syria spooked investors. The move triggered a risk off sentiment among global investors with stocks slipping and gold and bonds inching up on safe haven buying. Indian markets, however, were among the worst-performing global market on Friday with the benchmark Sensex and Nifty both dropping 0.7 per cent each. Market players said the global developments triggered profit-booking in stocks that had seen sharp gains in recent weeks amid fears of earnings disappointment. Reliance Industries dropped 2.3 per cent, Tata Steel fell nearly two