Sensex falls 440 points, Nifty drops 106 points

Stock indices in India witnessed another day of bloodbath, with Sensex and Nifty shedding about 1.5 per cent each on the last day of this week. Sensex closed at 78,041.59 points, down 1.5 per cent or 1,176 points, while Nifty closed at 23,587.50 points, down 364.20 points or 1.52 per cent today. All sectoral indices were deep in the red today, with Nifty IT, PSU bank, auto, and realty were the top losers. During the week, Sensex and Nifty shed around 5 percentage points each, data showed.
Notably, the indices slumped on all five sessions this week, attributable to selling by foreign portfolio investors and coupled with indication from the US Federal Reserve of fewer rate cuts next year than was anticipated.The widened trade deficit for November has also dampened the domestic sentiment
On the other hand, the rupee saw some recovery from its all-time low level and appreciated six paise to 85 rupees 7 paise against the US dollar in early trade on Friday.