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Indian markets witnessed a sell-off on Friday with the Nifty 50 index tanking almost 150 points.
The index slipped 1.6 percent while the S&P BSE Sensex witnessed a fall of 1.2 percent for the week ended October 19.
Selling in large-cap names such as RIL, TCS, as well as renewed concerns about liquidity conditions in the NBFC space, dented investor sentiment.
RBI opens banking tap to ease liquidity crunch at NBFCs also failed to lift sentiment. The provision will allow banks to free up Rs 50,000-60,000 crore of liquidity which banks can lend to NBFCs till December 31.
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