Equity indices fell sharply by nearly 2 per cent each, extending their decline for the third day running on Friday, amid an overall bearish trend in global markets.
The 30-share BSE Sensex tanked 1,020.80 points or 1.73 per cent to settle at 58,098.92. During the day, it tumbled 1,137.77 points or 1.92 per cent to 57,981.95.
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The NSE Nifty plummeted 302.45 points or 1.72 per cent to end at 17,327.35.
Among the 30-share Sensex pack, Power Grid slumped 7.93 per cent. The other major laggards were Mahindra & Mahindra, State Bank of India, Bajaj Finserv, Bajaj Finance, NTPC, HDFC and IndusInd Bank.
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Sun Pharma, Tata Steel and ITC were the only gainers.
Elsewhere in Asia, markets in Seoul, Tokyo, Shanghai and Hong Kong ended lower.
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European bourses were trading in the red in mid-session deals. The US markets ended in the negative territory on Thursday.
Meanwhile, the international oil benchmark Brent crude declined 1.87 per cent to USD 88.77 per barrel.
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Foreign institutional investors (FIIs) offloaded shares worth a net Rs 2,509.55 crore on Thursday, according to data available with the BSE.
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