The Sensex ended with a loss of 105 points at 27,836. The top index losers were Infosys (8.81 percent), TCS (3.11 percent), Wipro (2.81 percent) and Coal India 1.48 percent.
The NSE Nifty 50 closed at 8,541.40, down 24 points.
Shares of information technology companies dropped sharply on the stock exchanges on Friday after Infosys declared its June 2016 quarter (Q1 FY17) results, pulling the benchmark index down after opening higher on global cues.
Infosys was leading the plunge, falling almost 10 percent, followed by TCS at 3.18 percent. Other IT company shares in the red included Cyient, Tech Mahindra, MindTree and NIIT Technologies.
The BSE IT index was down 5.19 percent while the NSE Nifty IT index was also trading with losses of 3.86 percent at around 11.55 a.m.
Infosys was trading at Rs. 1,067.65, TCS at Rs. 2,452, Wipro at Rs. 560 and Tech Mahindra at Rs. 503.50 at around 12.12 p.m.
Top losers on the NSE Nifty IT index included Infosys, Cyient, TCS and Tech Mahindra.
The Indian rupee opened higher at 66.88 to the US dollar on Friday after closing at 66.91 the previous day.
The Sensex was trading at 27,789, down 153 points while the NSE Nifty was at 8,519, a loss of 45 points.
Top Sensex losers included Infosys, TCS, NTPC, Wipro and ICICI Bank while index stocks that were trading with gains included Tata Steel, Mahindra & Mahindra, Adani Ports and Bajaj Auto.
On Thursday, US stock markets ended with gains on the Britain's central bank suggesting a dovish monetary policy.
"U.S. equities closed at new record levels Thursday after Bank of England hinted at looser monetary policy next month and as earnings season kicked into full gear. Dow Jones closed at an all-time high for 3rd consecutive day...Nasdaq had its 6 of gains in seven, closing half a percent higher as Apple shares gained over 2 percent," Angel Broking said in its pre-opening note on Friday.
"Europe-led strength in last hour of trade helped Equity benchmarks end at 10-month high on Thursday," the brokerage added.
Foreign institutional investors were net buyers of Indian equities worth Rs. 869.84 crore on Thursday.
Story republished at 4.07 p.m. with additional details.
