Mumbai: Snapping its two-day record-setting streak, market benchmark BSE Sensex tumbled 336 points on Friday as investors turned jittery ahead of GDP data release.
After plummeting 466 points during the session, the 30-share Sensex pared some losses, ending 336.36 points or 0.82 per cent lower at 40,793.81.
The broader NSE Nifty also settled 95.10 points or 0.78 per cent down at 12,056.05.
Top gainers and losers
Yes Bank was the top loser in the Sensex pack, shedding 2.50 per cent, followed by HUL that fell 2.37 per cent, M&M 2.12 per cent, SBI 2.03 per cent, Tata Motors 2.03 per cent and Vedanta 1.97 per cent.
On the other hand, Bharti Airtel, HDFC Bank and NTPC ended with gains.
Investors turned cautious ahead of Q2 gross domestic product (GDP) growth numbers, scheduled to be released later in the day, traders said.
Experts are of the view that GDP growth for Q2 is expected to be lower than the 5 per cent in Q1.
RCom shares hit upper circuit for 6th time
Shares of Reliance Communications hit their upper circuit for the sixth consecutive session on Friday amid reports that Bharti Airtel has submitted conditional bids of around Rs 9,500 crore for the assets of the debt-ridden firm.
On BSE, the stock settled 3.85 per cent up at 81 paise.
The stock has gained over 42 per cent in 9 trading sessions.
The scrip advanced 5.26 per cent to Re 1 on the NSE.
Global market
Weak cues from global markets also weighed on market mood, they added.
Bourses in Hong Kong, Tokyo, Kospi and Seoul ended in the red as US law supporting pro-democracy protesters in Hong Kong put a dampener on hopes of an early trade truce over tariffs.
Stocks in Europe were trading on a positive note.
Rupee vs Dollar
On the currency front, the rupee depreciated 17 paise (intra-day) against the US dollar to 71.79.
Brent crude, the global oil benchmark, fell 0.79 per cent to USD 62.77 per barrel in futures trade.
Read more:Soaring onion prices turn hotel food costlier than before
