Exit poll results, persistent foreign outflows, and monetary policy concerns continue to pose significant risks.

Markets@10: Shares of Kalyan Jewellers dropped by nearly 5% after reporting a 34% revenue increase in the second quarter.

Momentum indicators point to a continued downtrend, with the Nifty trading below its short-term moving averages.

The Sensex ended 808.65 points or 0.98 percent lower at 81,688.45 while the broader Nifty fell 200.25 points or 0.8 percent to 25,049.85.

In the first hour of trading on Friday, the Sensex fell to a low of 82,051.86 and climbed to a high of 82,649.15.

Bulls are hopeful that domestic funds and financial institutions will step in to counter the market crash caused by war fears, derivative trade restrictions, and foreign sell-offs.

From a technical perspective, momentum indicators continue to signal a bearish trend.

The Sensex fell 1,832.27 points, or 2.2 percent, reaching a low of 82,434.02, while the Nifty 50 dropped 565 points, or 2.2 percent, to touch 25,231.90; the fourth consecutive session of losses for the indices.

Except for metals and media, major indices dropped by more than 1%; the real estate sector faced the steepest losses, with the realty index falling by over 2%

SEBI's new regulations aiming to reduce the trading volume in the derivatives market are pulling the market down.