Indian markets plunged further in early trade on Friday dragged by banking, IT, financial and energy stocks.

At 10.16 a.m., the Sensex was trading down 1127.03 points or 2.21% at 49,940.99 with 21 components falling.  Meanwhile, the Nifty was trading lower by 303.55 points or 2.01% at 14,793.80 with 36 components falling. 

Biggest gainers in the 30-share index were NTPC  (1.44%), Sun Pharmaceutical Industries  (1.39%), Maruti Suzuki India  (1.12%), Dr Reddy's  (1.04%),  and UltraTech Cement  (0.38%).

On the other hand, Indusind Bank  (4.37%), DFC Bank (3.78%), Housing Development Finance Corporation  (3.75%), ICICI Bank  (3.69%), Axis Bank  (3.54%),  and Mahindra & Mahindra  (3.35%) were the biggest losers in the Sensex pack.

Market breadth was negative with 969 advances against 1,494 declines.