Indian equity benchmarks witnessed significant losses on Friday, driven by a broad-based sell-off across financial and energy sectors.
The Sensex and Nifty struggled to maintain early gains, ultimately succumbing to heavy selling pressure.
The benchmark Sensex concluded the day at 73,878.15, plummeting by 732.96 points, marking a decline of 0.98 percent. Similarly, the Nifty closed at 22,475.80, down by 172.35 points or 0.76 percent.
The market sentiment was predominantly negative, with 2,013 shares declining against 1,241 advancing shares, while 79 remained unchanged.
Despite opening on a positive note, the market soon reversed its trajectory, slipping into negative territory for the remainder of the trading session.
The financial and energy sectors bore the brunt of the downturn, exerting considerable downward pressure on the headline indices.
However, amidst the overall market decline, Bajaj Finance and Bajaj Finserv managed to buck the trend, registering modest gains of approximately half a percent.
This came on the heels of the Reserve Bank of India's recent decision to lift certain restrictions on two of Bajaj Finance's lending products.
Among the major losers on the Nifty were industry heavyweights such as L&T, Maruti Suzuki, Reliance Industries, Nestle India, and Bharti Airtel. Conversely, notable gainers included Coal India, Grasim Industries, ONGC, Dr. Reddy's Laboratories, and Hindalco Industries.
Despite a strong start to the trading week, the BSE Sensex and Nifty50 closed the week with flat returns.
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