Sensex, Nifty50 extend losses to second straight day dragged by IT, financial shares
Domestic equity benchmarks suffered sharp losses on Friday, the first session of a new monthly derivative series, as selling pressure in IT and financial stocks outweighed buying in pockets like FMCG. The Sensex dropped 585.7 points, or 0.7 per cent lower, to 80,599.9 while the Nifty50 gave up 203 points, or 0.8 per cent, to settle…