Market Bloodbath: Sensex, Nifty See Biggest Weekly Fall in Over a Year; PSU Banks Plunge 6%

• Sensex and Nifty plunged approximately 3% each, marking their biggest weekly decline in over a year.
• Nifty PSU Bank index dropped over 6%, recording its largest weekly fall in a year, with financials being the biggest drag.
• Broad-based selling on Friday saw Sensex fall 1,097 points and Nifty decline 315 points, slipping below 24,500.
• Banking heavyweights like ICICI Bank, HDFC Bank, and Axis Bank were among the top laggards, leading the market downturn.
• Foreign Institutional Investors (FIIs) were net sellers, offloading shares worth ₹6,030.38 crore, while DIIs bought ₹6,971.51 crore.