Black Friday: Sensex sinks 1,400 points. What's spooking the markets today?

Here are the key reasons why the markets traded weak on Friday.

Puneet Wadhwa New Delhi
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It was truly a ‘Black Friday’ for the Indian markets that saw an across-the-board sell-off. The S&P BSE Sensex shaved-off over 1,400 points in intra-day deals. Its counterpart on the National Stock Exchange, the Nifty50 index, lost over 400 points.
So, what’s spooking the markets today?
For one, the negative sentiment on Friday in the Indian markets was on account of weak global cues. Most Asian markets were a sea of red with Japan’s Nikkei down 2 per cent and Straits Times slipping nearly one per cent. Shanghai Composite, Kospi and Taiwan were down 0.2-0.4 per cent, each. The US markets, however, were shut on account of Thanksgiving holiday.

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First Published: Nov 26 2021 | 10:25 AM IST

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