The Sensex and Nifty were weak in trade on Friday, plunging over 1.3% each tracking weak global cues. The higher-than-expected US inflation data rattled investors amid fears of aggressive rate hikes by the US Federal Reserve. The US inflation rose 7.5%, which is a four-decade high, leading to hawkish comments from a Fed official. In Asia, shares in Japan rose, while Shanghai, South Korea, Hong Kong, and Australia retreated.

Benchmark Indian indices sank sharply on Friday after Wall Street shed points reacting to higher-than-expected US inflation data. The market was under heavy selling pressure, slumping over 1.3%, as all the sectoral indices were trading in the red. Broader market indices also performed poorly.

The Sensex ended the session at 58,152.92, which is 773.11 points lower than its previous day's close. The Nifty50 opened the session in the red at 17,451, reaching a high of 17,454.75, before closing at 17,345.55, 260.30 points lower.

Earlier, the Sensex opened at 58,447.15, over 600 points lower. 

Tata Steel, IndusInd Bank, NTPC, M&M, and ITC were the only gainers today among the 30 Sensex constituents. TechM, Infosys, and HCL Tech were the top losers. BSE IT index dropped over 2.5%, while Nifty IT slipped 2.72%.

On the Nifty50, IOC, Tata Steel, and IndusInd Bank were the top performers, while Grasim, TechM, and Infosys were among the top losers.