Due to negative indications from the international markets

the Indian stock market opened with a significant decline on Friday

Both the National Stock Exchange’s (NSE)

Nifty and the Bombay Stock Exchange’s (BSE)

main index experienced steep drops

Sensex dropped 538 points to open at 59,395

while Nifty dropped 161 points at 17,716

Nifty was trading at 17,675, down 210 points

at the time the report was written