Mumbai: Equity benchmark Sensex dropped 155 points on Friday, tracking losses in index heavyweights ICICI Bank, Reliance Industries and HDFC Bank amid largely negative cues from global markets.
The 30-share BSE index ended 154.89 points or 0.31 per cent lower at 49,591.32.
Similarly, the broader NSE Nifty slipped 38.95 points or 0.26 per cent to 14,834.85.
Bajaj Finance was the top loser in the Sensex pack, shedding around 3 per cent, followed by UltraTech Cement, NTPC, Axis Bank, ICICI Bank, IndusInd Bank, Reliance Industries, L&T and HDFC Bank.
On the other hand, Sun Pharma, HUL, Tech Mahindra and Dr Reddy’s were among the gainers.
“Domestic equities traded range-bound with continued selling pressure from financials. Further, weak cues from Asian markets and concerns of a sharp rise in COVID-19 cases across the country weighed on sentiments,” said Binod Modi, Head Strategy at Reliance Securities.