At close, the BSE Sensex was down 693.86 points, or 0.85 per cent, at 81,306.85. The NSE Nifty50 fell 213.65 points, or 0.85 per cent, to settle at 24,870.10.

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Gift Nifty, an early indicator for the Nifty 50, indicated a negative start as it opened with a dip of 34 points at 25,078.50, compared to the previous close of 25,112.50.

M&M, Bharat Electronics, Maruti Suzuki, Bharti Airtel, Titan Company were among major gainers on the Nifty, while losers were Asian Paints, Grasim Industries, Adani Enterprises, Hero MotoCorp, UltraTech Cement.

Mumbai: On Friday, Indian equity markets faced a sharp downturn after a six-day rally fueled by hopes of GST reforms and a possible S&P sovereign rating upgrade. The BSE Sensex fell 693.86 points (0.85 percent) to close at 81,306.85, while the NSE Nifty dropped 213.65 points (0.85 percent) to 24,870.10.

On Thursday, the BSE Sensex and NSE Nifty continued their gaining streak for the sixth straight session, registering their longest rally in two months. The 30-share Sensex rose by 0.17% to reclaim the crucial 82,000 mark, while the Nifty added 0.13% to settle at 25,083.75, as cautious prevailed in the market ahead of the Jackson Hole Symposium.

The Indian stock market benchmarks snapped their six-day winning streak on Friday. The Sensex fell 694 points, or 0.85 per cent, to close at 81,306.85, while the Nifty 50 settled at 24,870.10, down 214 points,

The Sensex took a hit of over 50 points and slipped under 81,600 as of 9:01 AM, while the Nifty fell close to 40 points and stood below 24,950 in the pre-open session.

Stock markets extend winning streak, Sensex closes higher on blue-chip buying, supported by GST reforms and global cues.

The Indian stock markets continued on their roller-coaster of gains and losses, with the week closing on heavy selling and sharp drop in both Sensex and Nifty. The 30-share BSE Sensex tumbled 693.86 points or 0.