The Indian equity benchmarks crashed on Friday mirroring losses in global markets ahead of US inflation data due later in the day which stoked fears of liquidity tightening by the US Federal Reserve to control spiralling inflation, analysts said. Meanwhile, the Indian rupee falling to an all-time low against the US dollar also dampened investor sentiment, analysts added. The Sensex fell as much as 1,025 points and Nifty 50 index broke below its important psychological level of 16,200.