Stock Market News: The domesticbenchmark indices, the Sensex and the Nifty 50, plummeted on Friday as investors scrambled to book profits following a four-day record-breaking rise and a global sell-off spurred by an IT breakdown that caused gadgets to collapse worldwide. Drop in blue-chip Reliance Industries also plunged the benchmarks. […]

On Friday, the 30-share BSE Sensex closed at 73,878.15 level, down 732.96 points, or 0.98%. The NSE Nifty 50 ended at 22,475.85, down 172.35 points, or 0.76%. Analysts said that sentiment, fundamentals, and overbought technical situations were in conflict. Excessive optimism, overbought technical conditions, and the revelation that FIIs were […]