The BSE Sensex tumbled about 280 points to close below the 37,000-mark on Friday after investors were jolted by an over 1,000-point plunge in afternoon trade. The 30-share benchmark, which opened on a strong footing, suddenly tanked 1,127.58 points, or 3.03%, to hit a low of 35,993.64 at 1309 hours, before staging an equally sharp recovery. The fall came on the back of a massive selloff in NBFCs, led by DHFL which skidded over 50% on fears of a liquidity crisis.

The BSE Sensex tumbled about 280 points to close below the 37,000-mark on Friday after investors were jolted by an over 1,000-point plunge in afternoon trade. The 30-share benchmark, which opened on a strong footing, suddenly tanked 1,127.58 points, or 3.03%, to hit a low of 35,993.64 at 1309 hours, before staging an equally sharp recovery. The fall came on the back of a massive selloff in NBFCs, led by DHFL which skidded over 50% on fears of a liquidity crisis.