Benchmark indices – Sensex and Nifty – are almost 10% down from their peaks made on September 27, led by a sell-off by foreign investors sparked by a rebound in Chinese equities and disappointing earnings in the September quarter. The Midcap 150 index declined 10.9%, SmallCap 250 index dropped 9.1% and the Microcap 250 fell 8.3% in this period.
Dollar drifts higher as traders eye Iran talks ahead of US jobs data
The dollar surged on Friday, gaining strength over the yen and euro as uncertainties regarding a peace deal in Iran heightened demand for safe-haven assets.