The Sensex ended 487 points lower at 50,792 while the Nifty 144 points to settle at 15,031.
Indian markets witnessed sharp selling with the benchmarks Sensex and Nifty ending around a percent lower on Friday. A sudden spike in US treasury bond yields to 1.5 percent sent the overall market sentiment tumbling dragging US futures and Asian stocks as well.
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Domestically, the broad-based decline was seen across all sectors with bank, financials and auto indices dragging the most for the day.