High inflation, FII exodus drag markets down

Benchmark indices Sensex and Nifty tumbled more than 1 per cent on Wednesday amid retail inflation soaring to a 14-month high of 6.21 per cent in October and unabated foreign fund outflows. Photograph: Danish Siddiqui/Reuters Muted quarterly earnings, selling in frontline stocks -- HDFC Bank, Reliance Industries -- along with weak trends in the US and Asian peers also hit markets' sentiment, traders said. The BSE benchmark Sensex tanked 984.23 points or 1.25 per cent to settle at 77,690.95, ...