How do the US Stock markets Impact Indian Stock markets?

The key Indian equity benchmarks, Sensex and Nifty, on Friday slumped amid sell-off across all sectors led by weak global cues. The indices started its opening trade on a negative note, a day after the RBI announced its monetary policy. At 9.50 am, the BSE Sensex dropped 750 points to 58,176, while the NSE Nifty lost 210 points to 17,395. Asian share markets fell on Friday, after red-hot US inflation data and hawkish comments from a Federal Reserve official fuelled bets on US interest rates being hiked more aggressively and sent US Treasury yields jumping. Broader moves across Asian stocks followed US data which showed consumer prices surged 7.5 per cent in January on a year-on-year basis, marking the biggest annual increase in inflation in 40 years.