MUMBAI: Benchmark indices witnessed a sharp selloff in late morning trade Friday as heavyweights in realty, banking, IT and auto sectors bled as investors began booking profits in bluechip stocks.
Negative global cues amid fears of a potential US government shutdown and rising tension between the US and China, too, weighed on investor sentiment here, reports PTI. After plummeting over 400 points, the 30-share Sensex was trading 372.44 points, or 1.02 per cent, lower at 36,059.23 at 1100 hrs. The index had finished 52.66 points, or 0.14 per cent, lower at 36,431.67 Thursday.The NSE Nifty, too, was trading 120.25 points, or 1.10 per cent, lower at 10,831.45.
Top losers include Maruti, Infosys, Asian Paints, ICICI Bank, Wipro, Bajaj Auto, Reliance Industries, HDFC and TCS, cracking up to 3 per cent.