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SHARE MARKET: Sensex Drops 280 Points; Nifty Down at 79.95 Points

MUMBAI: The Indian equities markets benchmark Sensex observed volatile trading on Friday (March 25). The 30 stock S&P BSE Sensex was trading 274.16 points or 0.48 percent down at 57,321.52 points at 12.56 pm, against its previous day's close at 57,595.68 points.

Earlier, the Sensex opened in the positive at 57,801.72 points and surged to a high of 57,845.37 points in the morning trade. However, the index turned into negative within a few minutes of trade. It slipped to a low of 57,249.97 points.

The broader Nifty 50 of the National Stock Exchange was trading 79.95 points or 0.46 per cent down at 17,142.80 points against its previous day's close at 17,222.75 points.
There was selling pressure in auto and IT stocks.

Titan slumped 3.36 percent to Rs 2530.70. Maruti Suzuki fell 1.92 percent to Rs 7409.25. Tech Mahindra slipped 1.65 percent to Rs 1542.95. Nestle India, ITC, Wipro, L&T, Power Grid Corporation and Infosys were among the major Sensex losers.