Indian Stock Markets opened weak on Friday as the global markets offered weak signals. Within the first five minutes of trade BSE Sensex was down by 450 points. NSE Nifty was also down by more than 2.5% in early trading session.

At 11 .15 a.m. BSE Sensex was down by 3.4% (562 points) at 15,980. NSE Nifty was down by 161 points at 4,760.

Stocks among all the sectors were down in today's trading session.  Among Software counters, Satyam Computers was down by 4.2%.  Infosys Technologies was down by 3.8% at Rs 1420. Rolta, Wipro and HCL Tech were down by almost 4%.

Reliance Energy was down by 9.9%.  The stock was trading at Rs 1312.  Reliance Communications was down by 3.2%. Reliance Power was down by 6.6% at Rs 350.

GMR Infra was down by 8%. Cement counters Grasim, L&T and ACC were down as well.

Banking counters were trading weak as well. HDFC Bank was down by 4.2%. SBI was trading with a loss of 3.9% at Rs 1774. Axis Bank was down by 6.95%.