Indices fall nearly 2% over trouble at Franklin MF, Covid-19 concerns

The Sensex ended 536 points or 1.7% lower at 31,327, while the Nifty dropped 1.7% or 160 points to close at 9,154 on Friday

Trouble at Franklin Templeton MF, coupled with fresh concerns on the economic front due to Covid-19, led to a near-2 per cent fall in the indices that were on course to log their third straight weekly gains.

The Sensex ended 536 points or 1.7 per cent lower at 31,327, while the Nifty dropped 1.7 per cent or 160 points to close at 9,154 on Friday. Both ended the week with a 1 per cent loss.

Banking and financial stocks saw heavy selling after Franklin