Indian equity benchmark sank about 1% on Friday, as banking and financial stocks mirrored the slump in lenders globally, while IT stocks fell on persistent worries of high interest rates ahead of key U.S. jobs data later in the day.

Dear Trader… Domestic indices extended losses for second consecutive day in line with sell off in global markets triggered by 60% fall in US based Silicon Valley Banks. Nifty future opened with deep cuts and remained in negative territory to close with loss of 192 points (-1.09%) at 17452 levels.