Sensex tanks 455 points

01/06/2013 08:12 AST

The equity markets were caught in a firm bear grip on Friday with both the benchmark indices suffering their biggest single day percentage fall in 14 months. The fall was on the back of poor GDP figures, weak rupee, subdued global cues and dampened hopes of a rate cut from RBI.

The BSE Sensex tumbled 455.10 points or 2.25 per cent to end the day at 19,760.30, while the NSE Nifty slid 2.26 per cent or 138.10 points to settle at 5985.95. Banking, realty and oil and gas sectors were the worst hit.

. The rupee too weakened to a 11-month low to close at Rs 56.50 to a dollar.

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