Sensex sheds 424 points in two days as market extends losses; HUL falls 4%, Asian Paints 3%
Indian equity benchmarks extended losses to a second back-to-back session on Friday amid weakness in oil & gas, FMCG and IT shares though strength in financial stocks lent some support. Global markets saw mixed moves as investors weighed optimism on earnings growth against fears of a recession and more of aggressive hikes in key interest rates in the world's largest economy.
The Sensex closed 236.7 points or 0.4 per cent lower at 60,621.8 on Friday.