Mumbai: Equity benchmark indices Sensex and Nifty buckled under selling pressure for the second straight session to settle nearly 1 per cent lower on Friday as investors pared exposure to the metal, energy and realty stocks.
In a volatile trade, the 30-share BSE Sensex declined 398.18 points or 0.69 per cent to finish at 57,527.10, with 24 of its constituents posting losses. During the day, the index witnessed a high of 58,066.40 and a low of 57,422.98.
The broader NSE Nifty fell 131.85 points or 0.77 per cent to slip below the psychological level of 17,000. The index settled at 16,945.05.
Meanwhile, the rupee declined 20 paise to close at 82.40 against the US dollar.