On January 18, the 30-share BSE Sensex fell by 313.90 points or 0.44 per cent to settle at 71,186.86.
Stock Market Updates Today: The Indian market started higher after falling for three consecutive sessions. Sensex was back above 71,700 & Nifty above 21,600 on January 19.
Read More: Maxposure IPO Listing On Monday: Check GMP Today, Allotment Status
Benchmark indices were trading higher in the pre-opening session.
Sensex jumped 657.45 points to 71,844.31 in early trade. Nifty climbed 194.75 points to 21,657.
The rupee fell 1 paisa to 83.14 against the US dollar in early trade on Friday amid heavy selling of equities by Foreign Institutional Investors (FIIs).
Forex traders said positive cues from domestic equity markets and lower level of dollar provided support to the Indian currency.
At the interbank foreign exchange, the domestic currency opened at 83.15, then slipped to 83.16 before trading at 83.14 against the greenback in morning deals, down 1 paisa from its previous close.
On Thursday, the rupee settled 1 paisa higher at 83.13 against the US dollar.
Benchmark indices Sensex and Nifty fell for the third day running on Thursday, dragged by continuous selling in HDFC Bank and profit-taking in consumer durables and utility shares.
The 30-share BSE Sensex fell by 313.90 points or 0.44 per cent to settle at 71,186.86. During the day, it tanked 835.26 points or 1.16 per cent to 70,665.50.
The Nifty declined 109.70 points or 0.51 per cent to 21,462.25. During the day, it plunged 286.4 points or 1.32 per cent to 21,285.55.
The heavy fall in the markets comes on the back of a recent record-breaking rally. The BSE benchmark hit an all-time high of 73,427.59 on Tuesday, and the Nifty also reached its lifetime peak of 22,124.15 the same day.
Read More: ICICI Prudential shares down 10%, hit 52-week low after Q3 results show steep fall in margins
In three days, Sensex lost 2,141 points or nearly 3 per cent while Nifty retreated by 635 points or 2.89 per cent to fall below the key support level of 21,500 points.
Among the Sensex firms, HDFC Bank fell the most by 3.26 per cent. The private lender, which tanked more than 8 per cent on Wednesday on weaker-than-expected third-quarter results, contributed 305 points to the fall.
NTPC, Asian Paints, Power Grid, Titan, IndusInd Bank, Nestle and Maruti were among the major laggards.
However, gains in Reliance Industries, Sun Pharma, Tech Mahindra, Tata Motors, Mahindra & Mahindra, Axis Bank and Larsen & Toubro helped trim losses.
In the broader market, the BSE midcap gauge dipped 0.08 per cent while smallcap index advanced marginally by 0.02 per cent.
Among the indices, consumer durables fell by 2.07 per cent, utilities declined 1.70 per cent, power (1.30 per cent), financial services (0.82 per cent) and services (0.58 per cent).
Energy, healthcare, telecommunication, realty and oil & gas were the gainers.
In Asian markets, Tokyo settled lower while Seoul, Shanghai and Hong Kong ended in the positive territory.
European markets were trading on a mixed note. The US markets ended lower on Wednesday.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 10,578.13 crore on Wednesday, according to exchange data.
Read More: Stock Market Updates: Sensex Up 600 Pts, Nifty Opens Above 21,600
On Wednesday, the BSE benchmark plunged 1,628.01 points, or 2.23 per cent, to settle at 71,500.76. The Nifty tanked 460.35 points or 2.09 per cent to settle at 21,571.95.
Global oil benchmark Brent crude climbed 0.50 per cent to USD 78.27 a barrel.
