INSUBCONTINENT EXCLUSIVE:
Overall breadth of the markets was sharply negative
Stock markets registered deep losses on Friday,
with the Sensex shedding 463 points to close at 34,315
NSE benchmark index Nifty fell 149 points to settle at 10,303, 1.4 per cent lower from the previous close
Strong losses across sectors - led by finance, auto, energy and IT stocks - came amid weak global cues, leading to a weekly loss of 1.2 per
cent for the domestic markets
Friday's fall coincided with the Reserve Bank of India's move to hike lenders' single borrower exposure limit for non-banking financial
companies (NBFCs) which do not finance infrastructure
Analysts say the markets did not take the central bank action to support the NBFC sector positively
