NSE stock futures listed on Singapore Exchange dropped as much as 2.61 per cent, indicating losses for Indian stock markets.
Asian stocks tumbled to two-month lows on Friday after Wall Street shares suffered yet another big slide in the face of rapidly-rising bond yields. US markets witnessed sell-off, with the Dow Jones Industrial Average plunging 4.15 per cent, and the S&P 500 sinking 3.75 per cent.
Global cues have weighed on Indian markets with major indexes on track to post their second straight weekly losses after embarking on a record-hitting spree in January.