At the close on Friday, the Sensex was down by 323.48 points at 14,00.81. The Nifty was down by 61.85 points at 4,228.45.
After initial recovery of about 109 points, the Bombay Stock Exchange benchmark Sensex plunged on selling by foreign funds after rupee continued its slide against the US dollar.
The 30-share index, which rose by 108.91 points in early trade, slipped into the negative zone with a fall of 274.15 points at 14,050.14 after most of the sectoral indices were sharply down.
The Sensex had lost over 620 points in the past three sessions. Similarly, the National Stock Exchange's index Nifty also fell by 60.65 points to 4,229.65 on heavy selling by funds in blue-chip stocks led by refinery and banking segments.
Stock brokers said continued slide in Indian rupee which depreciated by another 18 paisa at 45.71 against the US currency mainly dampened the trading sentiments, triggering major sell-off by foreign funds in heavy-weight stocks.
Infosys slumped 6% to Rs 1,644. Satyam and TCS dropped around 3.5% each to Rs 407 and Rs 808, respectively. Wipro was down 1.7% at Rs 420.
Reliance Infrastructure plunged over 6% to Rs 929. DLF shed 3.6% at Rs 468, and Jaiprakash Associates tumbled 3% to Rs 158.
ICICI Bank slipped nearly 5% to Rs 653. HDFC plunged nearly 4% to Rs 2,179, and SBI was down 1.7% at Rs 1,512.
Reliance dropped 3.3% to Rs 1,931. Sterlite and Tata Motors shed 3% each at Rs 487 and Rs 412, respectively.
Mahindra & Mahindra and Reliance Communications slipped 2% each to Rs 551 and Rs 391, respectively.
Maruti surged 3.6% to Rs 704. BHEL gained 2% at Rs 1,697.
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