Friday crash: Rs 8 lakh cr gone as Sensex, Nifty fall from record highs; where’s the market headed?

Earlier in the day, Sensex scaled a record high of 81,587 and Nifty reached its all-time peak of 24,854. Later, BSE midcap and BSE smallcap indices slipped 1091.87 pts and 1194.12 pts, respectively.
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