Sensex sheds 670 pts.

Indian shares fell more than a percent on Friday, dragged by financials, on concerns of a prolonged high-interest rate regime, while investors awaited the key US nonfarm payrolls data due later in the day. The Nifty 50 index fell 175 points to close below 17,500, at 17,412, while the SandP BSE Sensex lost 670 points to close at 59,135. Most of the major...