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Sensex, Nifty Suffer Weekly Loss Of Nearly 3%: Highlights

Market updates: A selloff across sectors barring information technology shares pulled the markets lower
Market updates: A selloff across sectors barring information technology shares pulled the markets lower

Domestic stock markets suffered sharp losses on Friday with benchmark indices finishing the week nearly 3 per cent lower. The S&P BSE Sensex reversed direction in the second half of the session, plunging as much as 770.18 points from the day's highest level to hit 37,633.36 on the downside, after the Reserve Bank of India reduced the key interest rates to the lowest level in nine years. The broader NSE Nifty benchmark - which climbed to as high as 11,400.3 in morning - fell to hit 11,158.35 at the weakest level of the day. A selloff across sectors barring information technology shares pulled the markets lower with the banking and financial services counters worst hit.

Here are highlights of the movement in domestic stock markets (Sensex and Nifty) on October 4: