By NNN-PTI,
Mumbai, India : The stock market bled heavily as investors on Friday hammered banking, realty and oil and gas stocks, pushing the benchmark Sensex down by about 1,100 points to 8,701.07 points.
The markets which opened weak had a free fall soon after the Reserve Bank unveiled its mid-term review of the annual credit policy, without any changes in key policy rates.
The 1,071-points plunge in Sensex on Friday is the steepest in any single trading session after a 1,408 points drop on January 21, this year and has pushed the index to its lowest in about three years despite the continuing pep talk from Finance Minister P Chidambaram and host of measures by RBI to prop up the markets.
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