NIFTY falls 150 points, Sensex trades below 72,000

NIFTY 50 & Sensex opened 0.8% lower on Friday morning, tracking global cues. Asian markets reacted to Israel's fresh attacks on Iran. Japan's Nikkei index is trading nearly 3% lower on Friday morning.

The US markets closed marginally higher on Thursday night amid high volatility. However, after fresh escalations, the Dow Jones and Nasdaq futures currently trade over 1% lower on Friday.

The breadth amongst the NIFTY 50 remains weak on Friday morning as 45 out of 50 stocks are trading in red. While ONGC, ITC, Apollo Hospitals, Cipla and Sun Pharmaceuticals are key stocks trading in the green

The foreign institutional investors continue to sell Indian equities for the fourth straight day worth ₹4,262 crore. While Indian domestic institutional investors bought ₹2285 crore

All the sectoral indices trade in red, while NIFTY PSU Bank and NIFTY Realty are the top losers on Friday morning, with 1.5% losses for each, respectively.

The broader indices, too, face the brunt of the global rout as NIFTY midcap 100 & smallcap 100 are trading 1% lower on Friday morning.

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BPCL (-3%), HPCL (-3%) and IOC (-2.9%) are reacting to the sharp rise in global oil prices amid rising escalations between Israel and Iran.

Infosys is trading 2% lower after the company reported a weak set of numbers sequentially. Further, weak guidance on revenue dampens the company's outlook for recovery.

Stocks like ONGC, ITC, CIPLA and Sun Pharmaceuticals are trading in the green as investors look for safety in large caps amid panic and fear caused by war escalations.