Indian markets continued its downfall in the post noon deals on Friday tracking weak Asian markets. Both Sensex and Nifty were trading below 13-month low, amid continuous sell-off from foreign investors. Global markets were under pressure ahead of the crucial US jobs data which will be released later in the day.

At 12.39 p.m., the Sensex was trading down 513.26 points or 1.99% at 25,251.52 with 29 components falling. Meanwhile, the Nifty was trading lower by 155.35 points or 1.99% at 7,667.65 with 51 components falling.

Commenting on the current market status, Rohit Gadia, Founder & CEO, CapitalVia Global Research said, ''We are expecting further sell off in the market due to continuous selling from FII's & negative global sentiments, leading to a downside movement. Technically Nifty can test the levels of 7,450 and if this level is breached the next level for Nifty can be 7,000.''

He further said, ''For new investors, we suggest to stay away from market for time being till slight recovery is seen. For existing investors we will suggest wait for further correction of 4-5% and post that add positions from those levels.''

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