Sensex below 59,900.

Indian markets entered into a sharp hysteric selling on Friday which led both Sensex and Nifty to topple by nearly 2 percent each. The 30-scrip index erased the 61,000 mark! Meanwhile, forgetting the even 18,000 mark, the benchmark Nifty glided to even below 17,900 levels. This would be the fourth consecutive day fall in Indian stocks this week. As for the rupee, the local currency weakened marginally against the US...