Elsewhere in Asia, bouncers in Shanghai, Hong Kong and Seoul traded in the red in mid-op deals, while Tokyo was trading with gains.
The equity benchmark Sensex went down by more than 150 points in early trading on Friday, causing losses in index-heavyweight HDFC Bank, ICICI Bank and Reliance Industries, amid largely negative signals from global markets.
The 30-share BSE index was trading 186.94 points or 0.38% lower at 49,559.27.
Similarly, the broader NSE Nifty slipped 44.10 points or 0.30% to close at 14,829.70.
Bajaj Finance topped the Sensex pack around 2%, followed by Asian Paints, ICICI Bank, Kotak Bank, HDFC Bank and Reliance Industries.
On the other hand, HUL, Sun Pharma, ITC, ONGC, PowerGrid and SBI were among the beneficiaries.
The Sensex rose 84.45 points or 0.17% to 49,746.21 and the Nifty closed up 54.75 points or 0.37% to 14,873.80 points in the previous session.
Foreign institutional investors remained net buyers in the capital market on Thursday, as they bought shares worth ₹ 110.85 crore on Thursday as per provisional exchange data.
“Increasing COVID-19 cases have become an area of grave concern. Until this second wave peaks and subsides, economic activity will be affected and market perceptions of more than 10% GDP growth and income growth above 30% will be challenged, ”VK Vijayakumar, of Geojit Financial Services Chief Investment Strategist said.
He said that this huge uncertainty will weigh the sentiments of the market for some time.
Elsewhere in Asia, bouncers in Shanghai, Hong Kong and Seoul traded in the red in mid-op deals, while Tokyo was trading with gains.
The top stock exchanges on Wall Street ended overnight trading on a positive note.
Meanwhile, international oil benchmark Brent crude was trading down 0.03% at $ 63.18 a barrel.
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