Equity benchmark Sensex tanked 678 points on Friday, tracking losses in index majors Reliance Industries, Infosys and HDFC Bank amid a weak trend in global markets.
The 30-share index plunged 677.77 points or 1.13% to end at 59,306.93. Similarly, the NSE Nifty fell 185.60 points or 1.04% to 17,671.65.
Tech Mahindra was the top loser in the Sensex pack, shedding over 3%, followed by NTPC, IndusInd Bank, Kotak Bank and Reliance Industries.
European markets opened weak even as the ECB decided to keep policy rates unchanged despite the inflationary pressure. U.S. futures were trading in red following slow GDP growth and disappointing earnings from tech giants, he noted.
- international oil benchmark Brent crude advanced 0.23% to $83.85 per barrel.