MUMBAI: Equity benchmark indices Sensex and Nifty declined sharply in morning trade on Friday dragged lower by Axis Bank and growing concerns over geopolitical tensions following the terror attack at Pahalgam, in Jammu & Kashmir.
Wiping out all early gains, the 30-share BSE benchmark gauge tanked 1,004.04 points to 78,797.39 in late morning trade. The NSE Nifty dropped 338.1 points to 23,908.60.
Experts said worries over growing geopolitical tensions amid Tuesday’s terror attack weighed on market sentiment.
