Falling for the second session, the benchmark Sensex on Friday dropped nearly 202 points on selling in shares of TCS, HDFC and ICICI Bank.
The BSE Sensex, which had lost 24.31 points on Thursday, dropped further by 201.56 points to end at 21,063.62, after touching an intra-day low of 21,015.61.
TCS dropped 5.77 per cent after analysts said the company’s margins for December quarter came below estimates.
Shares of ITC ended 0.26 per cent lower after it reported 16.25 per cent rise in net profit at Rs. 2,385.34 crore for the third quarter ended December 31. Selling was also seen in HDFC Bank counter after it logged 25.1 per cent jump in net profit.
Wipro fell over 3 per cent ahead of earnings. RIL, which will also announce earnings after markets close, was marginally down. Airtel remained weak for the second day.
The 50-share National Stock Exchange index Nifty fell 57.25 points to end at 6,261.65.