India's stock market fell along with global peers on Friday after the over .$50-billion sell-off in US banks, prompted by the crisis at Silicon Valley Bank (SVB), triggered risk-off bets.
Nervousness ahead of the release of US payroll data also weighed on the market.
The Sensex declined 671 points, or 1.1 per cent, to close at 59,135, while the Nifty50 index settled at 17,413, with a decline of 177 points, or 1 per cent.
Foreign portfolio investors were net sellers to the tune of â¹2,061 crore, while domestic institutions pumped in close to â¹1,400 crore on Friday, according to provisional data from the exchanges.
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