Equity benchmark indices Sensex and Nifty plunged about 1.5% on Friday, taking their downtrend to the fifth straight session, due to risk aversion in the global markets after the hawkish stance of the US Federal Reserve.
The Sensex and the Nifty 50 recorded their steepest weekly fall in two years.
An across-the-board selloff in equity markets amid unabated selling by foreign investors added to the pressure, traders said.
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