Mumbai, April 4 -- A spell of weakness in Asian markets spilled into Indian equities on Friday, sparking a sell-off that swept across sectors. Indian markets that averted a steep fall a day earlier plunged 1.5%, as fears of a US recession and its consequences grew. A key victim was the pharmaceutical sector, which US president Donald Trump has promised to target next.







The Nifty 50 fell 1.5% to close at 22,904.45 while the Sensex dropped 1.2%, ending at 75,364.69. The smaller shares took a bigger hit, with Nifty Midcap 100 tumbling 2.9% and Nifty Smallcap 250 plunging 3.3%. Elsewhere, Hong Kong's Hang Seng, China's Shanghai Composite, Japan's Nikkei and South Korea's Kospi fell 1.5%, 0.2%, 2.8% and 0.9% respectively.







Nifty Ph...