The markets are expected to remain choppy as investors adjust their asset allocations amid rising interest rates Relief was short-lived for investors as Indian stocks tripped again on Friday amid fresh declines in global equities with Wall Street entering a ‘correction zone’, a 10 per cent drop from its peak.

The Dow Jones index’s second 1,000-point, or 4-per cent-plus, correction on Thursday triggered risk aversion among investors. Most Asian and European markets fell over 2 per cent. The fall in domestic equities was relatively subdued with the benchmark Sensex declining 407.4 points, or 1.2 per cent, to close at 34,005.76, the lowest since January 3.The Nifty50 index slipped 121 points, or 1.2 per cent, to 10,455. A day earlier, the benchmark indices had rebounded 1 per cent as some investors had resorted to value buying in beaten-down stocks. The Sensex ended the week with 3 per cent losses, its worst weekly decline since August 2017.The markets are expected to remain choppy as investors adjust their asset allocations amid rising interest rates. The 10-year US Treasury note — a key indicator for inflation and interest rates — has climbed by almost 50 basis points to nearly 2.9 per cent, the most in four years. Investors fear rising bond yields will prompt the US Federal Reserve to aggressively raise interest rates. This could shrink the liquidity that has splashed around emerging markets like India in the past few years.