Sensex drops 690 points: Global sell-off, profit booking among key factors

Investors booked profits in heavyweights such as Reliance Industries (RIL), Infosys, TCS, ICICI Bank, HDFC and ITC during the session, which pulled the market lower.

The domestic stock market came under heavy selling pressure on Friday that saw headline indices tumble around 2 per cent. The S&P BSE Sensex plunged 690 points to close the session at 35,742. The broader Nifty50 index of National Stock Exchange (NSE) slipped below 10, 800 level to end at 10,754.

"Concerns on global economy growth and threat of partial US government shutdown created headwinds to the domestic market. Rupee gave up some gains due to volatility in bond yield. However, fall in oil prices is expected to provide strength to rupee in the near term. Investors are using this