Markets fall roughly 2% on pessimistic global trends, as the Sensex drops over 1000 points.

On Friday, amid a general pessimistic trend in global markets, equity indices plunged abruptly by about 2% apiece, continuing their loss for the third straight day.

The 30-share BSE Sensex declined 1,020.80 points or 1.73 percent, ending the day at 58,098.92. It dropped 1,137.77 points, or 1.92 percent, to 57,981.95, during the trading day.

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The NSE Nifty fell 302.45, or 1.72%, to close at 17,327.35.

Power Grid saw a 7.93% decline among the 30-share Sensex group. State Bank of India, NTPC, HDFC, Bajaj Finserv, Bajaj Finance, Mahindra & Mahindra, Bajaj Finance, and IndusInd Bank were among the other significant laggards.

The sole winners were Sun Pharma, Tata Steel, and ITC.

Markets in Seoul, Tokyo, Shanghai, and Hong Kong all finished down elsewhere in Asia.

In mid-session trades, European stock exchanges were trading in the negative. On Thursday, the US stock markets closed in the red.

The benchmark Brent crude price fell 1.87 percent to USD 88.77 per barrel in the meanwhile.

According to information available with the BSE, foreign institutional investors (FIIs) sold shares on Thursday totaling a net Rs 2,509.55 crore.

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