Equity benchmark Sensex tanked over 600 points in early trade on Friday, tracking losses in HDFC Bank, L&T and Reliance Industries amid negative cues from global markets. The 30-share BSE index was trading 617.10 points or 1.25 per cent lower at 48,599.42, and the broader NSE Nifty fell 201.35 points or 1.38 per cent to 14,356.50.