Stock market update: Nifty, Sensex slip 2%; auto, realty, consumer durables lead the carnage

The Indian markets fell more than 2 per cent amid rising geopolitical tensions and tracking selloff in Asian markets on Friday.

Benchmarks Nifty 50 and the Sensex dropped 332 points or 1135 points respectively as the former slipped below 16,200 and the latter gave up 54,000-mark. Source: Reuters

The Indian markets fell more than 2 per cent amid rising geopolitical tensions and tracking selloff in Asian markets on Friday. Benchmarks Nifty 50 and the Sensex dropped 332 points or 1135 points respectively as the former slipped below 16,200 and the latter gave up 54,000-mark. At 11.05 pm, Nifty declined 2.18% to 16,138.50 and the Sensex shed more than 1100 points to 53,943.67.

Broader market indices Nifty midcap and small cap too declined nearly 2% as India's Volatility Index (Indian Vix) shot up by 3.79% to over 29.

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Among the sectors, Nifty auto declined the most as the index dropped nearly 4%. The 12-share Nifty Bank declined around 800 points to trade near 34,100 as all sectors turned negative. Realty, Consumer Durables and financial services were other top drags as they fell 3.02, 3.22 and 2.50 respectively.

UPL, ITC, Dr Reddy's, Tata Steel and Sun Pharma were the only stocks to gain in the falling market. Asian Paints, Maruti, Hindustan Unilever, Hero MotoCorp, Titan, Mahindra & Mahindra and Bajaj Finance dragged the market the most.

Meanwhile, Ukraine`s state emergency service said on Friday a fire that broke out in a building near the largest nuclear power plant in Europe during intense fighting between Russian and Ukrainian forces has been extinguished, said Reuters.

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