Sensex down over 700 points, Nifty below 16,300-mark

The benchmark equity indices on the BSE and National Stock Exchange (NSE) extended their losses and were trading over 1.25 per cent lower during the morning deals on Friday tracking losses from their global peers.

At 10:15 am, the S&P BSE Sensex was trading at 54,574.95, down 745.33 points (1.35 per cent) while the Nifty 50 was at 16,266.40, down 211.70 points (1.28 per cent). Both the indices had opened around 1 per cent lower earlier in the day.

On the Sensex pack, Wipro, Bajaj Finance, Tata Steel, Tech Mahindra, Kotak Mahindra Bank, Housing development Finance Corporation (HDFC), Tata Consultancy Services (TCS), Infosys and Bajaj Finserv were the top laggards in the morning deals. In contrast, Titan Company, Asian Paints and Power Grid Corporation of India were trading in the green.

All the sectoral indices on the NSE were trading in the red. Nifty IT was down 2.42 per cent, Nifty Metal was trading 2.30 per cent lower, the key Bank Nifty slipped 1.33 per cent and Nifty Financial Services index was down 1.74 per cent.