MARKET LIVE: Sensex down 850 pts; SBI, ICICI drop over 4%, TaMo gains 6%

Stock updates: Equity sharply slumped for a second session on Friday. The declined over 1,050 points to an intra-day low of 59,088 dragged by Reliance, HDFC twins and ICICI Bank.

The NSE slipped below 17,800 level, down 130 points. In the broader markets, the BSE MidCap and SmallCap indices lost 0.6 per cent and 0.9 per cent, respectively.

Auto, FMCG and pharma indices were the only pockets resisting the market crash while holding tepid gains. Oil & gas pocket shed the most with a fall of 5 per cent. 

Also read: Flows to Indian equities are at risk as investors eye China: Chris Wood 

Among individual stocks, Tata Motors surged 7 per cent as the company posted a consolidated net profit of Rs 3,043 crore in Q3FY23, after clocking losses for seven straight quarters. 

Meanwhile, stocks continued to be in a free fall as the spat between Gautam Adani-led group companies and US activist investor Hindenburg Research took legal turn. Read here

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