Tech Mahindra was the top laggard in the Sensex pack, falling over 3%, followed by NTPC, IndusInd Bank, Kotak Bank and Reliance Industries.
Equity benchmark Sensex fell 678 points on Friday, tracking losses in major indices Reliance Industries, Infosys and HDFC Bank amid a weak trend in global markets.
The 30-share index ended 677.77 points or 1.13% lower at 59,306.93. Similarly, the NSE Nifty fell 185.60 points or 1.04% to end at 17,671.65.
Tech Mahindra was the top laggard in the Sensex pack, falling over 3%, followed by NTPC, IndusInd Bank, Kotak Bank and Reliance Industries.
On the other hand, UltraTech Cement, Tata Steel, Maruti, Titan and Dr Reddy’s were among the gainers.
Vinod Nair, Head of Research, Geojit Financial Services, said: “The selling in the domestic market continued as energy and private bank stocks kept pressure on muted global sentiments.”
European markets opened weak, while the ECB decided to keep policy rates unchanged despite inflationary pressures. He said US futures were trading in the red after slowing GDP growth and disappointing earnings from the tech giants.
“The Fed’s decisions at next week’s meeting will be a key factor that will propel global equities in the days ahead,” Mr Nair said.
Elsewhere in Asia, shares in Shanghai and Tokyo ended higher, while Hong Kong and Seoul were in the red.
Stock exchanges in Europe were trading with losses in mid-session deals.
Meanwhile, international oil benchmark Brent crude rose 0.23% to $83.85 a barrel.
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