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Sensex tanks 650 pts, Nifty ends sub 17,750; Bank, Pharma Auto lag

Sensex and Nifty lost more than a per cent on Friday and almost all indices closed in the red

Sensex tanks 650 pts, Nifty ends sub 17,750; Bank, Pharma Auto lag
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Indices ended the day in deep red as uncertainty about the pace of future rate hikes loomed.

Sensex and Nifty lost more than a per cent on Friday and almost all indices closed in the red. Adani Ports and a few IT stocks made decent gains.

Despite Wall Street ending in green on Thursday, uncertainty over the pace of interest rate hikes kept Asian and European traders on their toes on Friday.

Indian stocks lost more than a per cent but other Asian stocks had mostly a flat day. Europe also lost ground in the morning trade.

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