Indian benchmark indices held marginal losses in noon deals as Asian Paints and IT stocks witnessed selling pressure. Private banking stocks, however, traded with firm gains. The BSE Sensex was down 200 points at 53,846, while the NSE Nifty 50 slipped below the 16,100 level.
The key benchmark indices continued to reel under selling pressure on Friday, tracking weakness in global markets. The BSE Sensex fell over 1,000 points to 54,668, while the NSE Nifty shed 316 points to 16,366.
In a sharp reversal to previous day's losses, Indian benchmark indices on Thursday extended opening gains tracking positive global sentiment after the US Fed's in-line rate hikes. The BSE Sensex rose 800 points to 56,540, while the NSE Nifty climbed 250 points to reclaim the 16,900-mark.