India’s benchmark indices fell sharply on Friday, snapping a five-day winning streak, as weaker-than-expected U.S. factory data triggered a global sell-off.
The Nifty shed 293.20 points, or 1.17 percent, closing at 24,717.70, while the Sensex lost 885.60 points, or 1.08 percent, to 80,981.95.
Market breadth was negative, with 1,960 shares closing in the red, 1,426 advancing, and 83 remaining unchanged.
Eicher Motors, Maruti Suzuki, Tata Motors, Hindalco Industries, and JSW Steel were the top losers on the Nifty, while Divis Labs, HDFC Bank, Dr. Reddy’s Laboratories, Sun Pharma, and Kotak Mahindra Bank were among the major gainers.
Sector-wise performance reflected a broad-based sell-off, with the auto, energy, PSU bank, IT, metal, and realty sectors all declining by 1-3 percent. Only the pharma and healthcare sectors managed to stay afloat, defying the overall downward trend.
In the broader market, the BSE midcap index declined by 1 percent, while the smallcap index registered a 0.5 percent drop, reflecting the bearish sentiment across different market segments.