Likely fall in Q2 GDP, profit booking: 5 factors that dragged markets lower

Reliance Industries (RIL), which to hit the market capitalisation of Rs 10 trillion-mark on Thursday, was down around 2 per cent in the session.

After scaling record highs in the previous session, stock market came under pressure on Friday amid heavy selling in metals, fast moving consumer goods (FMCG) and auto counters. The S&P BSE Sensex slipped as much as 466 points, or over 1 per cent, in intra-day trade to hit a low of 40,664.18 during the day. NSE's Nifty50 index slipped below the crucial 12,100-mark to hit a low of 12,017 levels, down 134 points or 1 per cent during the day.

The S&P BSE Sensex, however, recouped some of its losses and closed 336 points, or 0.82 per cent lower