Market Wrap: Pharma, auto stocks drag D-St lower; Sensex skids 330 pts, Nifty below 23,100

Indian benchmark indices closed in the red on Friday, reversing early gains as concerns over a potential slowdown in corporate earnings overshadowed optimism about lower U.S. interest rates and declining oil prices. The downturn was primarily driven by a sell-off in pharma, real estate, and auto…