Markets opened sharply lower on Friday, extending losses for the third consecutive session, as a steep overnight selloff on Wall Street and weak Asian cues triggered broad-based selling across sectors. The BSE Sensex fell 564.32 points or 0.68 per cent to trade at 82,746.69 at 10 AM, having opened at 83,150.15 against Thursday’s close of 83,311.01. The NSE Nifty dropped 172.65 points or 0.68 per cent to 25,337.05 from its previous close of 25,509.70, opening at 25,433.80.

“Indian markets opened deep in the red and extended losses in early trade, tracking the overnight sell-off in Wall Street and declines across major Asian equities,” said Ponmudi R, CEO of Enrich Money. “The Nifty 50 began the session with a gap-down, hovering near its short-term slope support around 25,300.”

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