Inflation pushes markets down to 2008 lows Markets plunged to new lows in 2008 on Friday, following inflation reaching a 13-year high of 11.05 per cent. The BSE Sensex lost 517 points to close at 14,571, while Nifty fell 156 points to 4348.The markets were rattled by the spectre of rising interest rates. The bankers are now expecting a tightening of monetary policies in the wake of higher inflation numbers. Axis Bank expects further monetary tightening, while UCO Bank sees the Reserve Bank of India taking stern measures to cool prices. BNP Paribas sees the RBI to act even before its scheduled July meeting on monetary policy for more click HERE