The Sensex opened with a huge negative gap of 330 points at 16,212 on weak global cues. Unabated selling saw the index slip below the 16,000-mark to a low of 15,690 - down 852 points from the previous close.

Buying at lower levels saw the Sensex finally close with a loss of 3.4% (567 points) at 15,975.

The index thus ended the week on a dismal note - down over 9% (1,604 points).

The market breadth was extremely negative - out of 2,710 stocks traded, 2,384 declined, 295 advanced and the rest were unchanged on Friday.

Index losers

Reliance Energy [Get Quote] (REL) slumped 13% to Rs 1,270. The company, on Wednesday, had announced a buyback at Rs 1,600 per share.

Bajaj Auto [Get Quote] tumbled over 11% to Rs 1,889. ICICI Bank [Get Quote] declined 7% at Rs 893, and Larsen & Toubro dropped 6.6% to Rs 2,988.

Hindalco [Get Quote] declined 5.8% to Rs 196. NTPC was down 5% at Rs 185.

HDFC [Get Quote], Mahindra & Mahindra and Tata Motors [Get Quote] slipped 4.5% each to Rs 2,629, Rs 665 and Rs 672, respectively.

Ranbaxy [Get Quote] dropped over 4% to Rs 435. HDFC Bank and Wipro [Get Quote] declined 3.7% each to Rs 1,286 and Rs 415, respectively.

DLF and ONGC [Get Quote] were down nearly 3.5% each at Rs 658 and Rs 955, respectively.

And gainers

Reliance Communications [Get Quote] gained 3% to Rs 543.

Hindustan Unilever and Bharti Airtel [Get Quote] also closed with gains on Friday.