The BSE Sensex on Friday ended at 49,099.99, after it plummed 1,939.32 points or 3.80%. The NSE Nifty ended at 14,529.15. Sensex was down 1,450 points on Friday by 2 pm as only Maruti Suzuki India, Nestle India, and NTPC were trading in green. However, all 30 Sensex constituents ended in red.
ONGC was the top loser, shedding around 6.50%, followed by M&M, Bajaj Finserv, Axis Bank, Kotak Bank, PowerGrid, HDFC Bajaj Finance and ICICI Bank.
Sectorally, the banking index suffered a maximum loss with over a 4.8% drop. Financial and telecom indices too fell sharply by 4.9 per cent and 3.85%, respectively.
Similarly, the broader NSE Nifty ended at 14,529.15 after crashing 568.20 points or 3.76%. Rupee tanked 104 paise to close at 73.47 against the US dollar.
Elsewhere in Asia, bourses closed with heavy losses. Stock exchanges in Europe were also trading with losses in mid-session deals.