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Stocks wobble as inflation, Covid fears return to haunt

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MUMBAI : Stocks remained under pressure on Friday after a slew of central bank monetary policy meetings around the world pointed to worries over twin risks: a spike in global inflation threatening economic recovery and the swift spread of the new covid-19 variant.

In their latest policy meetings, the US Federal Reserve took a hawkish turn while the Bank of England raised interest rates on Thursday.

This could impact the flow of liquidity supporting equities, especially to emerging markets. The BSE Sensex slipped 889.40 points, or 1.54%, to 57,011.74, and the Nifty fell 263.20 points, or 1.53%, to 16,985.20. “Emergence of the new Omicron strain, inflation concerns and hawkish turn of global central bankers have led to an increase in

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