Benchmark indices sank on the last day of the week with the Sensex ending 689.60 points, or 1.89% down at 35,742.07 on Friday and the Nifty50 ending 197.70 points or 1.81% lower at 10,754 amid global selloff after the US Federal Reserve raised interest rates and signalled more rate hikes.
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The Sensex was dragged by heavyweights Infosys, Reliance Industries and HDFC. The Nifty 50 traded below the 10,800 level.
The Indian rupee fell below 70 a dollar and slumped 0.8%.
Oil prices rose nearly 1% on signs that OPEC’s output cuts that start next month will be deeper than expected.