NEW DELHI: Equity indices plunged in opening trade on Friday with the benchmark BSE sensex falling over 500 points.
The 30-share BSE index fell 536 points or 1.09 per cent and was trading at 48,681; while the broader NSE Nifty was down 181 or 1.24 per cent at 14,377.
ONGC, L&T, Bajaj Finance, Maruti, M&M, Titan and SBI were the major losers in the sensex pack falling as much as 4.05 per cent.
While Kotak Bank, Bharti Airtel and PowerGrid were the only stocks trading in green.
On the NSE, all sub-indices were trading in red with Nifty Realty, PSU Bank and Auto falling up to 3.40 per cent.
The BSE benchmark has lost 2,062.99 points or 4 per cent in five trading sessions. On Thursday, the 30-share BSE benchmark tanked 585.10 points or 1.17 per cent to close at 49,216.52.
Following the bearish trend, the market capitalisation of BSE-listed companies declined by Rs 8,04,216.71 crore to Rs 2,01,22,436.75 crore in five days.
“Indian market has been in a corrective phase for the past 10 days due factors like high bond yields in the US and increased number of Covid cases being reported across the country,” Hemang Jani, Head Equity Strategy, Broking & Distribution, Motilal Oswal Financial Services told news agency PTI.