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The S&P BSE Sensex slipped over 200 points in morning trade on Friday, led by losses in HDFC, TCS, RIL, ITC, HDFC Bank, and Infosys.The Nifty50 broke below its crucial psychological support level of 7800, largely weighed down by losses in IT, capital goods, oil & gas, power and realty stocks. Britain and India welcomed more than 9 billion pounds($13.7 billion) in commercial deals during a visit by IndianPrime Minister Narendra Modi, but his arrival was overshadowed by protests over a perceived rise in intolerance back home.
Rising prices for some food products and firm demand during the festival season pushed up India's retail inflation to a four-month high in October, making it less likely the central bank will cut interest rates at its policy review next month.
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