New Delhi, March 27 -- The Indian Stock Market on Friday closed the week with bloodbath as the benchmark indices ended 2 percent lower amid broad-based selling across sectors.
At close, the Sensex was down 1,690.23 points or 2.25 percent at 73,583.22, and the Nifty was down 486.85 points or 2.09 percent at 22,819.60. Nifty Midcap index dropping 2.2pc and the Smallcap index declining 1.7pc.
The cumulative market capitalisation of BSE-listed firms dropped to Rs 422 lakh crore from Rs 431 lakh crore in the previous session. Investors collectively lost nearly Rs 9 lakh crore.
Market was down due to the broad-based selling across sectors, continued depreciation of the rupee, and lingering uncertainty over the de-escalation of the US-Iran conf...