Sensex falls nearly 1,500 points, Nifty slips below 11,000 mark

The Sensex on Friday fell nearly 1,500 points in intraday trade to 35,993.64 from the day's high of 37,489.24. Nifty also fell below the 11,000-mark to a low of 10,866.45 from day's high of 11,346.80. The indices were dragged down by finance stocks after Dewan Housing Finance Limited (DHFL) slumped over 50% on reports of defaulting on its commercial paper.