Benchmarks fell in early trade on Friday amid global declines and fresh outflows of foreign funds.
As IT stocks fell, so did the market.
The 30-share BSE Sensex was down 297.62 points at 64,853.40. The NSE Nifty was down 88.75 points at 19,276.50.

Among the Sensex pack, the big laggards were Tata Consultancy Services, Wipro, HCL Technologies, Infosys, Tech Mahindra, Nestle, Bajaj Finance, and Bajaj Finserv.
Winners were Larsen and Toubro, Axis Bank, Hindustan Unilever, Maruti, ICICI Bank, and ITC.

Asian markets in Seoul, Tokyo, Shanghai, and Hong Kong traded negatively.
US markets fell on Thursday.
Brent crude, the global oil benchmark, rose 0.13 percent to $84.23 a barrel.