Sensex slips 250 points, Nifty falls below 25,850
Indian stock markets took a hit on Friday, with the Sensex dropping 250 points to trade at 84,248 as of 11am and the Nifty sliding below 25,850.
Even though most expected the NDA to win big in Bihar elections, that wasn't enough to boost investor mood.
Instead, worries from shaky global markets and steady foreign fund outflows weighed heavy.
Global markets under pressure
It's not just India feeling the pressure—US tech stocks (Nasdaq) slumped by 2.3% over inflation fears and cautious signals from the Federal Reserve.
Asian markets like Japan's Nikkei and South Korea's Kospi also traded lower.
Rising crude oil prices are adding to India's cost headaches, while foreign investors have been selling off for four days straight.
All eyes now stay on how election results might shake things up today.