New Delhi, Nov 25 (ANI): Indian markets lost and snapped their rally, after being volatile, during the morning trade on Friday. Sensex dropped 138 points to 62,134.65 levels at 9.39 am as Nifty declined 23 points to 18,460.60 in the early session of Friday. The cues from US Federal Reserve indicating to go slow on its rate hike is a good news for the global markets. Last week, the global markets picked up the cues and recovered. The domestic markets also picked up from Tuesday this week as majority of stocks gained and snapped their losing run. However, Friday morning saw selling pressures dragging the indices and declined after being volatile. Among the broad-based indices, BSE SmallCap dropped 74 points to 62,197.70 with ITDC, Religare, Finolex Industries amongst the gainers on the index. BSE MidCap lost 130 points to 62,142.17, with Bank of India, IOB, Max Health and GSPL amongst the active stocks on the index while BSE LargeCap lost 13.98 points to 7,125.77 levels, while Paytm, PNB, DLF and Bank of Baroda among the most active stocks on the index.