Stock Market Highlights: Sensex ends 1,093 pts lower and Nifty cracks below 17,600 amid broad sell-off — rupee at 79.74 vs dollar

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Stock Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty50 suffered sharp losses on Friday amid weakness across sectors, as nervousness persisted across global markets after economic data from the US stoked fears of aggressive hikes in COVID-era interest rates. Losses in IT, financial, oil & gas and auto shares were the biggest drags on headline indices. Broader indices Nifty Midcap 100 and Nifty Smallcap 100 tumbled more than 2.5 percent each. Tamilnad Mercantile Bank shares remained under pressure on the second day of trade after a muted market debut.

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