The Nifty fell as much as 63 points to touch an intraday low of 10,757
Domestic stock markets reversed early gains on Friday amid pressure in IT stocks.
The Sensex shed as much as 209 points to hit 35,897 by afternoon, while the Nifty declined 63.95 points to 10,757. IT, auto and energy stocks dragged the markets lower, however buying in FMCG and metal shares kept the downside in check. However, Tata Consultancy Services (TCS) shares fell 2.7 per cent to touch an intraday low of Rs 1,837.15 on the NSE, a day after the IT major reported its earnings for the October-December period.