 "Provisional: Markets snap four-day winning streak")
Markets snapped a four-day winning streak on Friday with rate sensitive leading the decline after comments from Reserve Bank of India Governor Raghuram Rajan late Thursday commented that inflation is a destructive disease which is forcing the central bank to keep interest rates high.
Further, a Reuters poll on Friday which indicated that emerging economies would contribute less to global growth in 2014 than earlier expected also weighed on market sentiment.
India is expected to grow at a lacklustre pace of 5.4% in fiscal 2015, as a result of the weak investment cycle gripping the country, which goes to elections this year, the report said.
The 30-share Sensex ended down 233 points at 21,141 mark and the 50-share Nifty ended down 77 points at 6,269 levels.
Further, a Reuters poll on Friday which indicated that emerging economies would contribute less to global growth in 2014 than earlier expected also weighed on market sentiment.
India is expected to grow at a lacklustre pace of 5.4% in fiscal 2015, as a result of the weak investment cycle gripping the country, which goes to elections this year, the report said.
The 30-share Sensex ended down 233 points at 21,141 mark and the 50-share Nifty ended down 77 points at 6,269 levels.