MUMBAI: 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.
Shares closed in the red for the third straight session on Friday, dragged by banks and IT companies, with heavy outflows from foreign investors adding to concerns of overvaluations.
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.
On the other hand, UltraTech Cement, Tata Steel, Maruti, Titan, and Dr Reddy were among the gainers.
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