Indian stock markets shed over 1 pc amid FII selling, weak global cues

MUMBAI: The Indian equity benchmarks posted huge losses on Friday, amid heavy FII selling and weak global cues.

At the closing bell, Sensex lost 961 points, or 1.17 per cent to settle at 81, 287. The Nifty lost 317.90 points, or 1.25 per cent, to close at 25, 178.

Nifty Midcap 100 index performed in line with the benchmark as it dipped 1.10 per cent, while the NSE Smallcap 100 declined 1.10 per cent. Nifty Next50 lost 1.30 per cent.

Sectoral indices traded mostly in the red except IT, media, consumer durables. Nifty realty was the major loser down 2.26 per cent followed by auto down 1.86 per cent. Nifty Metal slipped 1.69 per cent and FMCG dropped 1.69 per cent.