The Indian stock market fell sharply on Friday, with benchmark indices Sensex and Nifty falling around 1% each as soaring crude oil prices, surging bond yields and other factors spooked investors.
Sensex dropped over 740 points to 74,160 while Nifty 50 fell 264 points to 23,231 during Friday's session. The losses wiped off more than Rs 5 lakh crore from the total market capitalisation of all companies listed on BSE within minutes from opening, dragging it down to Rs 478 lakh crore.
