Sensex, Nifty slump over 2.5 pct on fears of higher U.S. rates
(Reuters) - Indian shares slumped more than 2.5 percent on Friday on growing fears that incoming U.S. President Donald Trump's policies would be inflationary, leading to a rise in U.S. interest rates and denting the appeal of emerging markets.
The broader NSE Nifty ended 2.69 percent lower at 8,296.30, and fell 1.63 percent for the week in its third straight decline.
The benchmark BSE Sensex closed 2.54 percent lower at 26,818.82, and dropped 1.67 percent for the week.
Indian financial markets will be closed on Monday for a public holiday.
(Reporting by Darshana Sankararaman in Bengaluru; Editing by Subhranshu Sahu)
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