<p>Mumbai: Equity benchmark indices Sensex and Nifty buckled under selling pressure to settle nearly 1 per cent lower on Friday as investors pared exposure to bank and IT stocks ahead of the earnings season starting next week.</p><p>A depreciating rupee against the US dollar further weighed on sentiment, traders said.</p><p>The 30-share BSE Sensex tumbled 720.60 points or 0.90 per cent to close at 79,223.11 despite a positive beginning. During the day, it slumped 833.98 points or 1.04 per cent to 79,109.73.</p>.Sensex, Nifty surge nearly 2% on buying in financial and IT stocks.<p>The NSE Nifty tanked 183.90 points or 0.76 per cent to 24,004.75.</p><p>From the Sensex pack, Zomato, HDFC Bank, Tech Mahindra, Adani Ports, Tata Consultancy Services, ICICI Bank, Sun Pharma, Larsen & Toubro, HCL Tech and ITC were the major laggards.</p><p>On the other hand, Tata Motors, Nestle, Titan, Hindustan Unilever and Reliance Industries were among the gainers.</p><p>In Asian markets, Seoul and Hong Kong settled in the positive territory while Shanghai ended lower. Japanese markets were closed for the New Year holiday.</p><p>Markets in Europe were trading lower. US stocks were in the negative territory on Thursday.</p><p>Foreign Institutional Investors (FIIs) turned buyers on Thursday after remaining net sellers for the past many days. They bought equities worth Rs 1,506.75 crore, according to exchange data.</p><p>The rupee dropped 3 paise to close at a record low of 85.78 (provisional) against the US dollar on Friday.</p><p>Global oil benchmark Brent crude declined 0.43 per cent to USD 75.60 a barrel.</p><p>In the previous session, the BSE benchmark jumped 1,436.30 points or 1.83 per cent -- its best single-day gain in more than a month -- to settle at 79,943.71. The Nifty surged 445.75 points or 1.88 per cent to 24,188.65.</p>
<p>Mumbai: Equity benchmark indices Sensex and Nifty buckled under selling pressure to settle nearly 1 per cent lower on Friday as investors pared exposure to bank and IT stocks ahead of the earnings season starting next week.</p><p>A depreciating rupee against the US dollar further weighed on sentiment, traders said.</p><p>The 30-share BSE Sensex tumbled 720.60 points or 0.90 per cent to close at 79,223.11 despite a positive beginning. During the day, it slumped 833.98 points or 1.04 per cent to 79,109.73.</p>.Sensex, Nifty surge nearly 2% on buying in financial and IT stocks.<p>The NSE Nifty tanked 183.90 points or 0.76 per cent to 24,004.75.</p><p>From the Sensex pack, Zomato, HDFC Bank, Tech Mahindra, Adani Ports, Tata Consultancy Services, ICICI Bank, Sun Pharma, Larsen & Toubro, HCL Tech and ITC were the major laggards.</p><p>On the other hand, Tata Motors, Nestle, Titan, Hindustan Unilever and Reliance Industries were among the gainers.</p><p>In Asian markets, Seoul and Hong Kong settled in the positive territory while Shanghai ended lower. Japanese markets were closed for the New Year holiday.</p><p>Markets in Europe were trading lower. US stocks were in the negative territory on Thursday.</p><p>Foreign Institutional Investors (FIIs) turned buyers on Thursday after remaining net sellers for the past many days. They bought equities worth Rs 1,506.75 crore, according to exchange data.</p><p>The rupee dropped 3 paise to close at a record low of 85.78 (provisional) against the US dollar on Friday.</p><p>Global oil benchmark Brent crude declined 0.43 per cent to USD 75.60 a barrel.</p><p>In the previous session, the BSE benchmark jumped 1,436.30 points or 1.83 per cent -- its best single-day gain in more than a month -- to settle at 79,943.71. The Nifty surged 445.75 points or 1.88 per cent to 24,188.65.</p>