Mumbai, Feb. 13 -- Indian equity benchmarks nosedived on Friday, with the BSE Sensex plunging over 700 points to slip below the 83,000 mark, while the NSE Nifty 50 dropped more than 200 points in a broad-based selloff.

The Nifty IT index, however, staged a partial recovery, rebounding nearly 1,000 points from the day's lows to limit losses to under 2%. Tracking the rebound, Mphasis turned positive in intraday trade.

Meanwhile, heavyweight Reliance Industries slipped around 2% during the morning session, adding pressure on benchmark indices.

Published by HT Digital Content Services with permission from India Blooms....