NEW DELHI: Shares of housing finance firms came crashing sharply Friday, with Dewan Housing Finance tumbling up to 60 per cent on massive selling.The scrip of Dewan Housing Finance Corporation plummeted 59.67 per cent to Rs 246.25 -- its 52-week low -- on BSE. The stock ended 42.43 per cent lower on BSE and 44.80 per cent on NSE. DHFL was among the worst hit stock, erasing $1.12 billion from its market capitalisation.On the other hand, Indiabulls Housing Finance nosedived as much as 35 per cent, Gruh Finance tumbled 17.66 per cent, Can Fin Homes plunged 14.55 per cent, PNB Housing Finance tanked 9.23 per cent in the day.The broader market also witnessed huge sell-off, with the BSE benchmark index crashing over 1,100 points within a matter of minutes during the afternoon trade.The BSE Sensex tumbled about 280 points to close below the 37,000-mark after investors were jolted by an over 1,000-point plunge in afternoon trade.The 30-share benchmark, which opened on a strong footing, suddenly tanked 1,127.58 points, or 3.03 per cent, to hit a low of 35,993.64 at 1309 hours, before staging an equally sharp recovery.As the equity market plunged for the fourth day in a row, where the BSE index plummeted over 1,100 points in afternoon trade Friday, investor wealth witnessed an erosion of a whopping Rs 5.6 lakh crore in four days.