Markets Fall Nearly 1%, Sensex Tanks 690 Points on Selling in IT, Auto Stocks

On BSE sectoral indicators, tech tanked 1.85%, BSE Focused IT fell 1.77%, IT (1.65%), auto (1.72%), oil & gas (1.28%), consumer discretionary (1.23%), and telecom (1.22%)

- OUR CORRESPONDENT

MUMBAI: Equity benchmark indices Sensex and Nifty declined for the third session in a row on Friday, dropping nearly 1 per cent, dragged by heavy selling in IT, auto and energy stocks amid a muted start of the earnings season.

Tariff-related uncertainties and mixed global market trends also added to the pressure, analysts said.

The 30-share BSE Sensex tanked 689.81 points or 0.83 per cent to settle at 82,500.47. During the day, it fell 748.03 points or 0.89 per cent to 82,442.25.

As many as 2,450 stocks declined while 1,557 advanced and 158 remained unchanged on the BSE.

Similarly, the 50-share NSE Nifty dropped 205.40 points or 0.81 per cent to 25,149.85.

On the weekly front, the BSE benchmark dropped 932.42 points or 1.11 per cent, and the Nifty tanked 311.15 points or 1.22 per cent.