Markets decline on heavy FPI selling; Sensex slips below 60,000

FPIs sold shares worth Rs 2,902 cr, according to provisional data from exchanges

The Indian equity benchmarks fell on Friday because of heavy selling by foreign portfolio investors (FPIs) amid worries over US non-farm payroll data, which is tracked by investors to gauge the path of the US Federal Reserve’s monetary tightening.

The Sensex declined 453 points, or 0.7 per cent, to end the session at 59,900, while the Nifty settled at 17,859 after dropping 133 points. This was the third consecutive session of decline for the benchmark indices. Both the indices are now in the red for this year, after giving up the gains of the first two sessions. The Sensex and