The Nifty 50 fell 0.56 per cent to 23,184.8 points as of 9:20 a.m. IST, while the BSE Sensex shed 0.55 per cent to 76,616.5.
Nestle, Hindustan Unilever, ITC and Tata Consultancy Services were among the laggards.
The local currency closed at 86.36 against the greenback, witnessing the biggest single-day gain since June 3, 2024, compared to the previous close of 86.64, a lifetime low. The rupee touched a high 86.30 during intraday trades on Wednesday.
The 30-share BSE benchmark Sensex climbed 401.53 points to 76,901.16 in early trade. The NSE Nifty advanced 97.5 points to 23,273.55.
The 30-share BSE benchmark Sensex tanked 843.67 points to 76,535.24 in early trade. The NSE Nifty dropped 258.8 points to 23,172.70.
From the Sensex, Tech Mahindra, Tata Consultancy Services, Infosys, ITC, ICICI Bank, Kotak Mahindra Bank, Sun Pharma and HDFC Bank were the major laggards.
From the 30 blue-chip pack, Bajaj Finance, Bajaj Finserv, Kotak Mahindra Bank, Infosys, HCL Tech, Tech Mahindra, Mahindra & Mahindra and Tata Consultancy Services were the biggest gainers.
The significant shift can largely be attributed to concerns over the valuation of Indian stocks, below-expected domestic GDP growth in the second quarter of fiscal 2025, weak corporate earnings and higher US bond yields.
The currency made a sharp recovery to close at a record low of 85.54, down 28 paise compared to Thursday’s close of 85.27. It opened at 85.32 against the dollar on Friday.
The 30-share BSE benchmark Sensex jumped 628.34 points to 78,669.93 in early trade as well as the NSE Nifty surged 219 points to 23,806.50.
From the 30 blue-chip stocks, Axis Bank, Tech Mahindra, IndusInd Bank, JSW Steel, ITC, Larsen & Toubro, UltraTech Cement and HDFC Bank were the biggest laggards.
Share Market Crash Today: The domestic currency surpassed 85 level for the first time to end at 85.07 against the US currency, down 12 paise, or 0.14 per cent, against the previous close of 84.95. The rupee fell to an intraday low of 85.08 on Thursday.
Vishal Mega Mart IPO News: Vishal Mega Mart's market valuation stood at Rs 48,644.57 crore.
Global oil benchmark Brent crude went up 0.04 per cent to USD 73.22 a barrel.
The company's market valuation stood at Rs 3,435.68 crore.
While the NSE Nifty 50 was up 0.09 per cent at 24,729.45 points, the BSE Sensex gained 0.15 per cent to open at 81,887.54 points.
The IPO which was open for subscription between September 10 and 12, 2024 oversubscribed 345.65 times. The issue was priced at the upper end of the price band (Rs 70 per share) and Rs 44.87 crore was raised through the issue.
Global oil benchmark Brent crude climbed 0.56 percent to USD 72.24 a barrel.
The BSE benchmark Sensex climbed 216.18 points to 79,259.92 in early trade. The NSE Nifty went up by 78.6 points to 23,992.75.
At the interbank foreign exchange, the rupee opened at 84.27, and touched an early high of 84.22 against the greenback.
The overall strength of the American currency and elevated crude oil prices are likely to strain India's trade balance, creating challenges for sustained rupee appreciation, forex traders said.
Stock Market Today: Reliance Industries, the second heaviest-weighed stock in the Nifty 50, gained 2.5%. Most Adani group stocks, too, rose at the open
Adani Green Energy dropped 10.95 per cent and Adani Energy Solutions tumbled 8.57 per cent to hit the 52-week low of Rs 637.85 on the BSE.
The Dalal Street saw no action for 16 days this year due to holidays.
On Wednesday, shares of Swiggy ended with a premium of nearly 17 per cent against the issue price of Rs 390.




