Stock markets halted their two-day rally in early trading on Friday, with the Sensex falling nearly 667 points, reflecting weak global markets, and selling on index majors HDFC Bank and TCS.
Continued outflows of foreign funds also weighed on sentiment.
The BSE benchmark Sensex was down 666.85 points at 57,244.83. The Nifty was also down 196.55 points to 17,196.05.
Among the 30 Sensex stocks, M&M, Dr. Reddy’s, Nestle, Kotak Mahindra Bank, UltraTech Cement, State Bank of India and Maruti Suzuki declined the most in early trading. In contrast, HCL Technologies, Bharti Airtel, Power Grid and Tata Steel were the winners.
The Sensex rose 874.18 points, or 1.53%, to end Thursday at 57,911.68. The Nifty was up 256.05 points, or 1.49%, to 17,392.60.
Elsewhere in Asia, markets in Tokyo, Hong Kong, Shanghai and Seoul traded lower on deals during the session.
Stocks in the US closed lower on Thursday.
Meanwhile, international oil benchmark Brent Crude fell 1% to $107.25 a barrel.
Overseas institutional investors continued their selling spree, selling ₹713.69 crore of shares on Thursday, according to stock market data.
