MARKETS: Sensex off day’s low, down 200 pts; broader indices underperform

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LIVE market updates: The Indian benchmark indices clawed their way out of the day’s low, but were still trading half a per cent down in noon deals of Friday’s volatile session.

The S&P was trading around 51,950 levels, down 360 points. The index fell to as low as 51,601 in intra-day deals. Meanwhile, the broader index hovered near the 15,600-mark. ONGC fell 3 per cent and was the top Sensex laggard, followed by State Bank of India (down 2%). PowerGrid, Axis Bank, and Maruti Suzuki were the other top losers.

All the Nifty sectoral indices were painted red, with Nifty Metal and Nifty PSU Bank indexes, down 4.5 per cent, each, bleeding the most.

In the broader markets, the S&P BSE MidCap and SmallCap indices fell over 1.5 per cent, each.

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