Sensex slides 773pts, Nifty ends below 17400 amid global pullback; IT bleed

All the sectoral indices settled in the negative territory today with technology and public sector banks being the worst hit. The IT and PSB indices dropped nearly 3% and 2%, respectively

CLOSING BELL

Indian benchmarks cracked in-line with global peers, falling 1.3 per cent on Friday, as a multi-decade high inflation in the US jolted investor confidence who feared bulkier rate hikes by the world's biggest economy.   

The S&P BSE Sensex plunged 773 points to end at 58,153 and the Nifty50 closed slumped 231 points to close at 17,375. With this, the indices halted their three-day winning streak, slipping 0.8 per cent for the week.

In the broader markets, the BSE MidCap and SmallCap indices shed about 2 per cent each, clocking weekly losses of up to 3.4 per cent.

US inflation