Sensex tanks 984 points; Nifty ends below 14,650

Equity indices snapped four straight sessions of gains on Friday as losses in banking stocks weighed on the indexes. The benchmark BSE sensex plunged 984 points or 1.98 per cent to close at 48,782; while the broader NSE Nifty moved 264 points or 1.77 per cent lower to settle at 14,631.