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Sensex ends 549 pts lower: Top factors that dragged the markets lower

The Nifty IT index plunged 2.24 per cent and was the top sectoral loser on the NSE

Sensex ends 549 pts lower: Top factors that dragged the markets lower
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Rich market valuations with the economy still in the recovery phase prompted investors to exercise caution

Chirinjibi Thapa New Delhi
The Indian benchmark indices ended Friday's session lower, down over 1 per cent, triggered by an across-the-board sell-off that saw all the Nifty sectoral indices ending the session in the red. Among headline indices, the S&P BSE Sensex tumbled as much as 788 points from the previous day's close to 48,796 in the intra-day deals, before partially erasing the losses and ending at 49,035, down 549 points. The broader Nifty50 index ended the day 1.1 per cent lower at 14,434.

The fall comes amid worries over the Indian markets' soaring valuations and profit booking by investors after the major information