Share market Highlights: The domestic stock markets witnessed an extremely choppy session, with the Sensex and Nifty reeling under extreme pressure on Friday afternoon amid a global sell-off. Sensex closed 689.60 pts lower to 35,742.07 while the Nifty 50 closed at 10,754.85. Bluechips stocks plunged in trade, with shares of RIL, Infosys, ICICI Bank and HDFC contributing to Sensex’s losses. Shares of India’s largest automaker Maruti Suzuki fell by more than 3.3% to hit 7,555 on BSE. Infosys share price plunged more than 2.5% to Rs 650. Wipro share price tanked by more than 3.1% to Rs 323.15.
Meanwhile, global stocks were sailing into Christmas on a sea of red on Friday, as the threat of a US government shutdown and of further hikes in U.S. borrowing costs inflamed investor unease over the economic outlook. The S&P 500 was heading for its worst quarter since the dark days of late 2008, with a loss of 15 percent so far. The Nasdaq has shed 19.5 percent from its August peak, just shy of confirming a bear market, Reuters reported. We bring to you live updates.