Sensex, Nifty drop more than 1% due to significant losses in HDFC companies.
Sensex, Nifty drop: Benchmark indices Sensex and Nifty declined more than 1 per cent at close on Friday due to a heavy sell-off in index major HDFC twins after reports that their merger could lead to outflows of USD 150-200 million SensexNifty drop . The 30-share BSE Sensex tanked 694.96 points or 1.13 per cent…