Benchmark indices were trading sharply lower in early trade on Friday amid weak global cues. Sensex tanked over 1000 points to hit an intraday low of 55,922.58 and Nifty was trading 300 points lower at 16,677.
Indian benchmark indices opened sharply lower amid weak global cues. At 09:18 hours, the 30-share BSE index was trading 817.5 points or 1.43 per cent lower at 56,194.19, and the broader NSE Nifty was down 235.5 points or 1.39 per cent to 16,749.70.
Tata Steel was the top loser in the Sensex pack, declining over 3 per cent, followed by Bajaj Finserv, IndusInd Bank, HDFC Bank, SBI and M&M.
On the other hand, Power Grid and Asian Paints were the top gainers.
Benchmark indices ended the session on a negative note on Friday amid an across-the-board selloff and a negative trend in the global markets. Sensex closed 889.40 points or 1.54 per cent lower at 57,011 and Nifty plunged 263.20 points or 1.53 per cent to 16,985.20.
IndusInd Bank was the top Sensex loser, shedding 4.89 per cent, followed by Kotak Bank, HUL, Titan, Bajaj Finserv and HDFC.
Infosys, HCL Tech, PowerGrid, Sun Pharma and TCS were the sole gainers, rising up to 2.84%.
Foreign institutional investors (FIIs) sold shares worth Rs 2,069.90 crore on December 17, and domestic institutional investors (DIIs) bought shares worth Rs 1,478.52 crore, as per provisional data available on NSE.