Domestic equity benchmark Sensex plunged over 600 points in opening session on Friday tracking a massive sell-off in global equities. The 30-share BSE index was trading 615.70 points or 1.58% lower at 38,375.24; while the NSE Nifty crashed 170.40 points or 1.48% at 11,357.05. SBI was the top loser in the Sensex pack, shedding around 2%, followed by Axis Bank, Kotak Bank, ICICI Bank, IndusInd Bank, HDFC twins and HCL Tech. On the other hand, Maruti was the sole gainer. In the previous session, Sensex ended 95.09 points or 0.24% lower at 38,990.94; and the NSE Nifty closed 7.55 points or 0.07% down at 11,527.45. Exchange data showed that foreign institutional investors bought equities worth ₹7.72 crore on a net basis on Thursday. According to traders, domestic equities followed the massive sell-off in global equities. Stock exchanges on Wall Street ended with heavy losses in overnight session led by carnage in technology stocks with Apple shares plunging around 8%. Following suit, bourses in Shanghai, Hong Kong, Tokyo and Seoul were trading with over 1% losses in mid-session deals. Global oil benchmark Brent crude was trading 0.98% lower at USD 43.64 per barrel.
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