Extending their losing streak for a fourth day running, domestic stock markets started Friday's session on a negative note amid a selloff across most sectors and lacklustre trade in Asian peers.
The S-P BSE Sensex plunged as much as 370.58 points to 36,102.35 in early trade, a level last seen on March 5.
The broader NSE Nifty benchmark slid 104.2 points to 10,637.15 - the lowest intraday level recorded since February 19.
Sharp losses in financial stocks pulled the markets lower, however strength in information technology stocks provided some support.
Here are five things to know:The markets however gained some ground at the end of the first hour of trade.At 10:04 am, the Sensex traded 146.00 points - or 0.40 per cent - lower at 36,326.93 while the Nifty was down 32.35 points - or 0.30 per cent - at 10,709.00.Top percentage laggards on the 50-scrip index at the time were IndusInd Bank, ICICI Bank, CIpla, Kotak Bank, ITC and Maruti Suzuki, struggling with losses of between 1.13 per cent and 2.30 per cent.HDFC Bank, ICICI Bank, ITC, Kotak Mahindra Bank and HDFC were the top drags on the Sensex.The Sensex and Nifty had ended1.6 per cent lower each on Thursday to settle at their lowest levels in at least five months.Get Breaking news, live coverage, and Latest News from India and around the world on TheIndianSubcontinent.com.
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