Indian equities remained sharply lower amid weak global cues on Friday. At 3.10 p.m., the Sensex was trading down 247.32 points or 0.96% at 25,619.63 with 22 components falling. Meanwhile, the Nifty was trading lower by 52.15 points or 0.67% at 7,772.85 with 37 components falling.

The annual industrial output grew at a slower-than-expected pace of 3.6% in September, dampened by a slower expansion in the mining sector. IIP was revised to 6.3% in August. Also, the retail inflation climbed to a four-month high in October as food prices escalated on supply deficiency in pulses. Consumer price index based inflation, the primary gauge of central bank, rose to 5% in October versus 4.41% in the previous month.

Biggest losers in the 30-share index were Vedanta (4.28%), Cipla (3.66%), Hindalco (3.36%), ONGC (3.26%), Tata Consultancy Services (3.03%), and Bajaj Auto (2.84%).

On the other hand, Coal India (2.63%), Dr Reddy's (0.92%), Bharti (0.92%), Axis Bank (0.84%), Tata Steel (0.52%), and  RIL (0.19%) were the major gainers in the Sensex pack.

Market breadth was negative with 874 advances against 1,635 declines.