Extending losses to the eighth straight day, Nifty dropped 420.35 points or 1.86 per cent to 22,124.70. Sensex and Nifty 50 are down six per cent for the month.

As many as 908 stocks hit a 52-week low in today's session. Tata Motors from the Nifty pack plunged 4 percent to a low of Rs 623.

The benchmark 10-year bond was quoted at 100.50 rupees, with the yield little changed at 6.7169% as traders watch for a weekly auction as well as domestic GDP growth data. The one-year overnight index swap rate was down 2 basis points at 6.25%, while the five-year swap rate dropped 2 bps to 6.00%.

The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 22,542 level, a discount of nearly 141 points from the Nifty futures’ previous close.

Indian benchmark equity indices, Sensex and Nifty, traded lower on Friday, weighed down by heavy losses in banking and IT stocks, as investors awaited key GDP data and responded to fresh comments from U.

Taking cue from the weak global trends, both BSE Sensex and NSE Nifty 50 tanked on Friday, leaving investors high and dry, making them poorer by over Rs 9 lakh crore. The market capitalisation of all listed companies on the BSE dropped by Rs 9.

Investor confidence in Indian equities is dwindling amid escalating global trade tensions. The Nifty 50 and Sensex have recorded significant losses, with both indices on track for a rare five-month decline due to weak earnings and Trump's proposed tariffs,

India’s stock benchmarks, the Sensex and Nifty, opened sharply lower on Friday, falling by one per cent as investors reacted to US President Donald Trump’s new tariff threats and awaited key GDP data for the December quarter.