Taking a breather after a record- setting spree, benchmark Sensex plunged 224 points today to retreat from lifetime highs as investors booked profits amid global volatility.
The 30-share index stayed in the negative zone throughout the session and hit a low of 30,393.72, before settling at 30,434.79, down 223.98 points or 0.73 percent. The broader 50-share NSE Nifty touched a high of 9,505.75 at the outset, but succumbed to profit-booking and settled 1.55 points, or 0.02 per cent, down at 9,427.90. Rates on over 1200 items were finalised by the GST council with 81% facing a levy of up to 18%.
Shanghai Composite shed 0.06 per cent.
Smaller rival Bank of Baroda, a constituent of the Nifty, rose 0.4% to 188.55 rupees on Friday and 1.1% for the week.
Nasdaq closed in red, down by 2.64 per cent while FTSE 100 was down by 0.25 per cent at the closing on Wednesday. The index closed up by 1.21 per cent bucking the overall market trend.
The overall market breadth was extremely bearish as 1,786 shares ended lower while 962 closed higher on the BSE. Reliance Industries, India's biggest private company by revenue, fell 2.4%, while state-run Oil & Natural Gas Corp. declined 2.6%, hurt by the recent decline in global crude oil prices.
Back home, foreign institutional investors sold shares worth Rs 361 crore on Thursday while domestic institutional investors bought shares worth Rs 898 crore on Thursday, according to the data available on the National Stock Exchange.
Major gainers were ITC 5.02 per cent, HUL 2.38 per cent, SBI 1.83 per cent, Bharti Airtel 1.66 per cent, Power Grid 1.51 per cent, Axis Bank 1.47 per cent, Coal India 1.46 per cent and NTPC 1.17 per cent. The BSE IT index was down 0.82 per cent; TS, Infosys, Wipro, Tech Mahindra, HCL Technologies, Hexaware and Tanla Solutions were among the losers. The reconstitution in BSE indices will be effective from June 19, Asia Index said.