Indian stock markets slipped into the red on Friday, with Sensex and Nifty erasing all morning gains as rupee hit fresh record low against the US dollar, oil prices extended gains and global markets crashed, spooking investors.
Sensex dropped nearly 162 points to close at 75,237, while Nifty 50 fell 46 points to end the session at 23,643. The benchmark indices recorded sharp losses overall during the week despite bouts of recovery. Sensex fell around 2,000 points while Nifty 50 dropped 2% during the week.
