[ad_1] New Delhi: Domestic stock markets fell sharply last week as rising concerns over high inflation, both domestically and overseas, fueled speculation of aggressive rate hikes by central banks. The past week was volatile for the stock markets as the Reserve Bank of India (RBI)reserve Bank of India) announced a 50-basis-point rate hike and clearly indicated even tighter fiscal conditions ahead given the rise in domestic inflation. Unabated selling of Indian equities by foreign portfolio investors (FPIs) also pushed the headline stock index down, causing their first weekly loss in…