Sensex crashes over 850 points on Adani rout; Nifty below 17,650; PSU stocks bleed

After a 774-point crash seen on Wednesday derivative expiry day, Sensex ended Friday with a loss of 874 points as a report by American firm Hindenburg Research left Adani Group stocks bleeding. Bank stocks were among the worst affected as Nifty Bank lost over 1,300 points or 3.1%. PSU bank stocks, which were outperforming in the last few months, were among the worst hit with losses going up to 7% as investors were worried about the contagion impact of exposure to Adani Group.