Sensex tanks 1,017 pts, Nifty ends below 16,200; banking, metal, IT stocks slump the most

Equity benchmark Sensex slumped over 1,000 points to sink below the 55,000-level on Friday, tracking deep losses in IT, finance, banking and energy stocks amid widespread selling in the global markets. A weak rupee, surging crude prices and relentless foreign capital outflows further weighed on sentiment, traders said. The 30-share BSE index ended 1,016.84 points or 1.84 per cent lower at 54,303.44. Similarly, the broader NSE Nifty plunged 276.30 points or 1.68 per cent to 16,201.80.

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