Sensex crashed 700 points while Nifty 50 slipped below 23,300, settling near 23,250 as Brent crude's surge to $108-109/barrel triggered a broad-based rout.
Both indices are now down for a fifth consecutive week — Nifty off 1.8% and Sensex down 2.1% for the week.
Every single sector on Dalal Street ended in the red. An estimated ₹5 lakh crore in investor wealth was erased in a single session.