The Nifty 50 fell 1.17%, or 234.15 points, to 19745 points, while the Sensex corrected by 1.31% or 887.64 points to 66,684.26 points. The fall would have been steeper had it not been for banks, which bucked the trend with the 12-member Bank Nifty hitting a fresh 52-week high of 46,369.50.
Infosys, Tech Mahindra Ltd, HUL, HCL Technologies Ltd, Wipro Ltd and Reliance Industries (RIL) led Friday's losses, falling between 3% and 8% on both exchanges.
Infosys, which plunged 8.13% to ₹1331.60 after slashing its revenue guidance for FY24, eroded investor wealth by a whopping ₹48,931 crore, accounting for a fourth of Friday's overall wealth loss of ₹1.96 lakh crore.
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