Mumbai, 6 March

Stock market benchmark indices Sensex and Nifty tumbled over 1 per cent on Friday after a day's breather as the conflict in West Asia entered its seventh day, driving crude oil prices higher.

Weakness in the US equities, subdued trend in European markets and relentless foreign fund outflows also dampened sentiments.

The 30-share BSE Sensex tumbled 1,097 points, or 1.37 per cent, to settle at 78,918.90. During the day, it sank 1,203.72 points, or 1.50 per cent, to 78,812.18.

The 50-share NSE Nifty dropped 315.45 points, or 1.27 per cent, to end at 24,450.45.

From the Sensex pack, Eternal, ICICI Bank, Axis Bank, UltraTech Cement, HDFC Bank, State Bank of India, Bajaj Finserv, and Larsen & Toubro were among the major laggards.

Bharat Electronics, Reliance Industries, Sun Pharma, NTPC, Infosys, and HCL Tech were the gainers.

Brent crude, the global oil benchmark, jumped 2.53 per cent to USD 87.57 per barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,752.52 crore on Thursday, while Domestic Institutional Investors (DIIs) bought stocks worth Rs 5,153.37 crore, according to exchange data.

On Thursday, the Sensex rebounded 899.71 points, or 1.14 per cent, to settle at 80,015.90, snapping its four-day decline. The Nifty climbed 285.40 points, or 1.17 per cent, to end at 24,765.90, ending its three-day falling streak