Sensex declines 317 points on weak global markets

Nestle, IndusInd Bank, Mahindra & Mahindra, State Bank of India, Kotak Mahindra Bank, Tata Consultancy Services, HCL Technologies, Axis Bank, Infosys and Bharti Airtel were among the major laggards in the Sensex pack.

Benchmark indices Sensex and Nifty closed down in the red on Friday following losses in IT and banking shares amid overall weak global market trends.

The BSE Sensex declined 316.94 points or 0.52% to settle at 61,002.57. During the day, it fell 508.84 points or 0.82% to 60,810.67.

The NSE Nifty went lower by 91.65 points or 0.51% to end at 17,944.20.

Nestle, IndusInd Bank, Mahindra & Mahindra, State Bank of India, Kotak Mahindra Bank, Tata Consultancy Services, HCL Technologies, Axis Bank, Infosys and Bharti Airtel were among the major laggards in the Sensex pack.

Larsen & Toubro, UltraTech Cement, Asian Paints, NTPC and Reliance were among the gainers.

In Asian markets, Japan, South Korea, Hong Kong and China ended lower.

European markets were trading in negative territory. The U.S. markets had ended sharply lower on Thursday.