Indian shares plunged on Friday, with the benchmarks logging their first weekly decline in five weeks, as sentiment soured after the Federal Reserve projected fewer rate cuts next year, spurring an exodus of foreign funds.
The Nifty 50 dropped 1.5% to 23,587.50 points at market close, while the BSE Sensex shed 1.5% to 78,041.59.
The Nifty fell below its 200-day moving average for the first time in a month. Both the benchmarks fell nearly 5% this week while the more domestically-focused smallcaps and midcaps lost about 3.5%.
"India has borne the brunt of foreign outflows this week, largely due to the Fed's commentary," said Aishvarya Dadheech, chief investment officer of Fident Asset Management.
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Kalyan's vital bridge nearing completion, CR to install last girder
Six years after Kalyan's vital Patripul road over bridge (ROB) was demolished, the Central Railway (CR) on Sunday will finally complete rebuilding the road bridge.
THREE MEN KILL NEIGHBOURING SHOPKEEPER OVER PARKING
A 41-year-old man was murdered by three people on Friday over a parking issue in Surya Nagar locality in Vikhroli West.
One more accused's arrest declared illegal
THE COURT RULED THAT CBI FAILED TO FURNISH THE GROUNDS FOR ARREST OF REKHA NAIR, WHO THE AGENCY CLAIMED TOOK A BRIBE OF ₹2 LAKH FROM ANOTHER ACCUSED
MTDC employee's wife, two others arrested
The Khadakpada police in Kalyan have made three more arrests, including the wife of Maharashtra Tourism Development Corporation employee Akhilesh Shukla, in connection with the latter's alleged verbal attack on a Marathi family in his building, Ajmera Heights at Yogidham.
16 PAK SOLDIERS KILLED IN ATTACK ON ARMY POST
At least 16 Pakistani soldiers were killed and five critically injured after militants launched a brazen overnight raid on an army outpost near the border with Afghanistan on Saturday, officers aware of the matter said.
In-form India hold all the aces vs West Indies
India will be eager to exploit their recent form and a historical advantage to subdue West Indies in the three-match women's ODI series, beginning here with the first contest on Sunday.
Crowd pleaser Pant needs to rediscover himself again
The enforcer at No.5 is yet to get going and the visitors will hope he has the same impact Head has had with the Aussies
Rahi trigger happy again after neuro-muscular memory loss
A harrowing spell of neuropathic pain behind her, the pistol ace finds her way back into competition
ANMOLPREET SMASHES FASTEST LIST A HUNDRED BY AN INDIAN
Anmolpreet Singh smashed the quickest List A hundred by an Indian, a 35-ball effort, to guide Punjab to an easy nine-wicket win over Arunachal Pradesh in a Group C Vijay Hazare match here on Saturday.
Villa heap pain on slumping Man City
\"No matter how many games we are going to win, I think we are not ready to compete for the title.\" That was Enzo Maresca after Chelsea beat Brentford 2-1 and moved to second in the Premier League, two points behind Liverpool who have a game in hand.
