The domestic equity benchmark indices declined sharply in the early trade on Friday tracking weak global cues, as the soaring crude oil prices that hit a five-month high amid the escalating tensions between US and Iran weighed on investor sentiment. 

Market movement

In the initial trade, the 30-share BSE Sensex tanked 645.30 points or 0.86 per cent at 74,257.29, while the 50-share NSE Nifty lost 216.40 points or 0.92 per cent at 23,261.40.