Sensex, Nifty tank 1% after record-breaking rally as US inflation data play spoilsport

The benchmark equity indices Sensex and Nifty plunged by 1 per cent on Friday as investors booked profits after a recent record-breaking rally amid weak trends from Asian markets. The 30-share BSE Sensex tanked 793.25 points or 1.06 per cent to settle at 74,244.90 with 27 of its components in the red. During the day, it dropped 848.84 points or 1.13 per cent to 74,189.31. The NSE Nifty declined 234.40 points or 1.03 per cent to close at 22,519.40 with 45 of its constituents ending lower.

From the Sensex basket, Sun Pharma, Maruti, Power Grid, Titan, JSW Steel, Tech Mahindra, Larsen & Toubro and State Bank of India were the major

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