Benchmark indices hit lower circuit with Nifty at 3-year low

Indian market hit a lower circuit in the first 15 minutes of trade. The trading is now halted for around 45 minutes. Massive selling was seen in benchmark indices, pushing both Sensex and Nifty below their crucial support levels.

Exchanges compute the index circuit breaker limits for 10%, 15% and 20% levels on a daily basis based on the previous day's closing level of the index rounded off to the nearest tick size.

The Nifty50 breached 8,800 levels for the first time since February 2017, a 3-year low. The S&P BSE Sensex plunged more than 3,000 points to hit a 3-year low on Friday.

The Indian rupee fell in the opening trade on Friday. It opened lower by 17 paise at 74.40 per dollar against previous close 74.23.

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