Indian equity markets witnessed a steep sell-off on Friday, with the benchmark indices Sensex and Nifty shedding over 1%. The Sensex dropped 1,147 points, or 1.41%, to 80,142, while the Nifty50 lost 337 points,

India's Consumer Price Index (CPI)-based inflation eased to 5.48 per cent in November, down from 6.21 per cent in October, according to Ministry of Statistics and Programme Implementation data

AM, the Sensex was down 1,064.37 points to 80,225.59, while Nifty was also struggling below 24,300 losing 332.10 points to 24,216.60.

BSE Sensex plunged 1,079.44 points to reach 80,210.52, as of 10.46 am while the NSE Nifty dropped 330.55 points to settle at 24,218.15.

The Indian benchmark indices closed lower on Thursday, with the Nifty hovering around 24,550, as selling pressure was seen across various sectors. This decline came ahead of the release of retail inflation data later in the day and Friday's WPI inflation figures.