Equity benchmarks cracked after the UK voted for leaving European Union.
The Sensex lost 922.23 points or 3.42 percent at 26079.99, and the Nifty fell 291.70 points or 3.53 percent at 7978.75. About 1884 shares declined against 175 advancing shares on BSE.
German 10-yr bond yields at record low
Economic Affairs Secy on Brexit: India has the firepower to withstand Britain's likely exit from the European Union, will accelerate growth programmes to offset its impact, and does not expect its foreign trade to suffer, a senior finance ministry
UK votes for Brexit is final as "Leave' gets 51.8 percent votes.
HSBC cuts UK pound forecast to $1.20 by year-end. Currently, pound trades at 1.3383 a dollar, down over 10 percent. Equity markets extended loses with the Sensex falling more than 1000 points.
The Reserve Bank of India likely sold dollars around 68.20 rupee levels through state-owned banks to prevent the rupee from falling further, three traders said on Friday, adding that appeared to be the level the central bank was keen on defending.
The Indian rupee was trading at 68.10 to the dollar, after tumbling to as low as 68.22 to the dollar, its weakest since March 1.