BSE Sensex dropped 173.69 points to 60,632 points.
In early deals, the 30-share BSE Sensex dropped 173.69 points or 0.29 per cent to 60,632.53 points, while the broader NSE Nifty fell 54.15 points or 0.30 per cent to 17,839.30 points.
Most of the Asian markets, including Hong Kong and China, were in negative territory.
Deepak Jasani, Head of Retail Research at HDFC Securities, said stocks in Asia were mostly lower Friday after US equities fell for a second day, and Treasury yields climbed as investors began to adjust for the prospect of higher interest rates as the Federal Reserve battles inflation.
Brent crude futures, the global oil benchmark, declined 0.44 per cent to $84.13 per barrel.
Source: NDTV