Elections, earnings, elevated rate hike risk depresses markets

Mumbai, Nov 7 (IANS) The outcome of the Bihar elections, coupled with heightened chances of a US rate hike and disappointing quarterly results, plunged the Indian equities markets for the second consecutive week. The barometer 30-scrip sensitive index (S&P Sensex) of the Bombay Stock Exchange (BSE), fell by 391.59 points or 1.46 percent to 26,265.24 points from its previous weekly close at 26,656.83 points. Similarly, the wider 50-scrip Nifty of the National Stock Exchange (NSE) posted losse