Indian stock markets on Friday continued their downward trend for the eighth straight session, with both the Sensex and the Nifty ended in the negative territory amid global trade uncertainties.
At the closing bell, the Sensex, which had fallen to 75,439 during the intra-day session, rebounded to close around 200 points lower at 75,939.
Similarly, the Nifty shed 102 points or 0.55 per cent to end at 22,929.
Some of the biggest losers in the Nifty index included Trent, Grasim, Bajaj Auto, Hero MotoCorp and Sun Pharma, with losses ranging between 2.5 per cent and 5 per cent. The pharmaceutical sector was among the worst hit.
Stocks such as Natco Pharma and Laurus Labs plunged over 9 per cent, while other companies, including IFCI, Glenmark Pharma, Finolex Cables, HFCL and BEML saw declines of more than 7 per cent.
The Nifty Smallcap 100 index dropped nearly 4 per cent to close at 15,373.70, a steep decline of around 22 per cent from its peak of 19,716.20.