Share/Stock Live Updates: The frontline equity indices on the BSE and National Stock Exchange (NSE) opened over 0.5 per cent lower on Friday dragged by losses across the board, while global investor sentiment soured after fresh hawkish comments from US Federal Reserve officials cemented expectations of tighter monetary conditions.
The S&P BSE Sensex slumped 434.59 points to 60,800.71 in the opening deals while the Nifty 50 declined 111.10 points to 18,146.70.
HCL Technologies was the top loser in the Sensex pack, shedding 2.5 per cent, followed by Asian Paints, Housing Development Finance Corporation (HDFC), Axis Bank, Wipro, Hindustan Unilver (HUL) and Tech Mahindra. On the other hand, Reliance Industries (RIL), Maruti Suzuki India, Titan Company and Bajaj Finance were the only gainers in the pack.
Market participants will watch out for the wholesale inflation data or WPI which is scheduled to be released later in the day.