The BSE Sensex tumbled nearly 900 points from the day’s highest to finish 77 points lower at 57,200 after a highly volatile session, triggered by a late sell-off mainly in banking and auto shares.

The 30-scrip index opened on a high note surging to trade above the key 58,000-level for a short period in afternoon trade, before plunging to a low of 57,119.28. The Sensex finally closed 76.71 points or 0.13% lower at 57,200.23. Similarly, the NSE Nifty too swung between gains and losses before dropping 8.20 points or 0.05% down at 17,101.95.

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Top sensex losers were NTPC (3.89%), Sun Pharma (1.85%), Indusind Bank (1.72%), M&M (1.38%) and Wipro (1.37%). While, Maruti Suzuki (-2.99%), (-2.43%), Power Grid Corporation (-2.14), ICICI Bank (-1.62) and Axis Bank (-1.08%) were among the laggards.

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On NSE Nifty top gainers were NTPC (3.89%), UPL (2.48%), Sun Pharma (2.14%), Tata Consumer Products (1.78%), and IndusInd Bank (1.76%).

Top Nifty losers were Maruti (-3.21%), TechM (-2.53%), PowerGrid (-1.82%), ICICI Bank (-1.52%) and Here Moto Corp (-1.51%).

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After yesterday’s weak closing, domestic bourses had a decent opening today and again witnessed a quick sell-off, following a weak European trend. Rising geopolitical tensions in Ukraine and US Fed indicating policy tightening has affected market sentiments globally.

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Asian market peers saw a mixed trading pattern, as except Japan and Korea all closed with losses.

Meanwhile, international oil benchmark Brent crude eased 0.42% to USD 89.70 per barrel.

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According to Stock Exchange data, Foreign institutional investors (FIIs) remained net sellers in the capital markets, offloading shares worth Rs 6,266.75 crore on Thursday.

Snapping its three-day losing streak Indian rupee closed
5 paise higher at 75.04 (provisional) against the US dollar on Friday amid
expectation of better dollar inflows from upcoming IPOs.