Friday Fever! Sensex cracks over 500 points, Nifty below 24,400; all sectors under pressure

Indian stock markets opened lower on Friday, with Sensex and Nifty50 down 0.5% and 0.46% respectively. This decline was driven by financial, auto, metal, and IT stocks following higher-than-expected rural and urban inflation figures for November, impacting rate cut expectations. While overall inflation eased, rural and urban inflation accelerated, raising concerns.