A selloff by foreign portfolio investors in fear of India’s possible slippage on the fiscal front and waning of global risk appetite following a new exchange of barbs between North Korea and the US caused a steep fall in the benchmark equity indices on Friday, and left stock investors poorer by Rs 2.73 lakh crore on BSE.
Equity benchmark indices witnessed a carnage on Friday, with the Sensex ending nearly 450 points lower, while the Nifty breached 10,000-mark, falling over 150 points.
The Sensex closed down 447.60 points at 31922.44, while the Nifty ended lower by 157.50 points at 9964.40. The market breadth was negative as 524 shares advanced against a decline of 2,082 shares, while 144 shares were unchanged.
BSE Metal index fell nearly 4 per cent.