Equity benchmark indices Sensex and Nifty extended their decline for the 2nd-day on Friday as markets witnessed a sharp sell-off aided by auto, NBFC and PSU bank-stocks. Asian Development Bank lowered India's GDP growth-forecast to 7% for the current year on the back of fiscal-shortfall-concerns. BSE Sensex closed 560.45-points, or 1.44%, lower at 38,337.01. While NSE Nifty ended at 11,419.25, down 177.65-points or 1.53%.

Overseas investors have pumped in a net sum of Rs 11,012 crore into the Indian capital markets in April so far amid easing liquidity conditions globally. Foreign portfolio investors (FPI) were net buyers for the previous two months as well, infusing a net amount of Rs 11,182 crore in February and Rs 45,981 crore in March 2019.

Indian capital market outperformed several major global markets, including the developed ones like the US and the UK as well as developing economies such as China and Brazil, with double-digit returns in the fiscal ended March 2019 despite numerous global and domestic headwinds, data shows. The market benchmark indices also improved on their own performance in the previous fiscal.