The S&P BSE Sensex and NSE Nifty 50 indexes fell for second straight session on Friday as investors booked profits at record highs. Friday’s selloff marked the worst day for markets in 2021 a day after Sensex crossed above 50,000-mark for the first time. The benchmarks opened lower and extended losses in noon deals owing to intense selling pressure in banking, metal and financial services shares. The Sensex fell as much as 793 points to hit an intraday low of 48,832.08 and Nifty 50 index dropped below its important psychological level of 14,400. Reliance Industries was top drag on the Sensex ahead of its December quarter earnings.
The Sensex dropped 746 points or 1.5 per cent to close at 48,879 and Nifty 50 index tumbled 218 points or 1.5 per cent to end at 14,372.