Sensex tanks 600 points amid Fed rate hike uncertainty

The BSE Sensex on Friday ended with a loss of 699 points at 26,819. It opened at 27,345, touched an intra-day high of 27,345 and low of 26,777.

The NSE Nifty closed with a loss of 229 points at 8,698. It opened at 8,457, hit an intra-day high of 8,461 and low of 8,285.

The domestic market opened lower on Friday. The Sensex dropped over 300 points while Nifty slipped below 8,450 mark. There was selling pressure seen in HDFC, ITC and ICICI Bank.

Sun Pharmaceuticals, SBI, Axis Bank and Dr Reddy's were among the gainers, whereas HDFC, Asian Paints, Hero MotoCorp, HUL and Tata Motors were losing sheen on NSE.

All sectors witnessed weakness on NSE except pharma index in green.

IPCA Lab jumped 2.3% after the company has posted a net profit of Rs 54.9 crore for the quarter ended September 30, 2016 as compared to Rs 12 crore for the quarter ended September 30, 2015.

Reliance Defence and Engineering slipped 2%. The company’s standalone net loss narrowed to Rs 116 crore for the quarter ended September 30. It had posted a net loss of Rs 170 crore in the July-September period of the previous fiscal.