The BSE Sensex, which had lost 24.31 points on Thursday, dropped further by 201.56 points, or 0.95 percent, to end at 21,063.62, after touching an intra-day low of 21,015.61.

TCS dropped 5.77 percent after analysts said the company's margins for December quarter came below estimates.

"TCS was down as despite good results, its margins were lower quarter on quarter basis," said Rakesh Goyal, Senior Vice President, Bonanza Portfolio.

Shares of ITC ended 0.26 percent lower after it reported 16.25 percent rise in net profit at Rs 2,385.34 crore for the third quarter ended December 31. Selling was also seen in HDFC Bank counter after it logged 25.1 percent jump in net profit. Overall, 18 counters in 30-share Sensex fell.

Wipro fell over 3 percent ahead of earnings. RIL, which will also announce earnings after markets close, was marginally down. Airtel remained weak for the second day.

The 50-share National Stock Exchange index Nifty fell 57.25 points, or 0.91 percent, to end at 6,261.65. With domestic markets witnessing stock-specific action, a mixed trend globally as investors awaited reports on US housing starts and industrial production, also influenced the sentiment, brokers said.

Sectorally, the BSE IT sector index suffered the most by losing 2.55 percent, followed by Realty index (down 2.40 percent), Teck index (2.28 percent) and Banking index (1.57 percent). Overall, nine out of 12 sectors ended lower.

On a weekly basis, the Sensex closed 305.13 points higher, its best gain in four weeks.

(Agencies)

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