Markets post biggest 1-day loss in nearly 3 months, Sensex ends below 60K

During the week, the Sensex fell 2.4 per cent and the Nifty 2.5 per cent, their worst weekly decline since June 17, 2022

India’s benchmark indices slumped on Friday amid investor fears that the US macroeconomic data released this week and the upcoming inflation data would strengthen the case for the Federal Reserve to extend its aggressive monetary policy.

The Sensex declined 981 points, or 1.6 per cent, to end the session at 59,845, and the Nifty50 index shed 320 points, or 1.8 per cent, to settle at 17807, with the two indices posting their biggest one-day fall since September 26, 2022, in percentage terms. Foreign portfolio investors were net sellers of domestic stocks at Rs 707 crore, according to provisional data from