Amid mixed Asian markets and Reserve Bank of India (RBI) decision to keep key lending rates unchanged at 6.25 per cent, domestic benchmark indices closed last trading session of the week on a weak note.
Profit booking at record highs also pushed markets to close in the negative zone.
In its bi-monthly monetary policy review on Thursday, the RBI kept key repo rate or lending rate unchanged at 6.25 per cent but hiked reverse repo rate by 25 basis points (bps) to 6 per cent.
The Reserve Bank also narrowed policy rate corridor, by increasing marginal standing facility rate and bank rate to 6.50 per cent.
The Sensex at the BSE closed 221 points or 0.74 per cent down at 29,707, on Friday, while the NSE Nifty ended 64 points or 0.69 per cent lower at 9,198.
In the broader markets, BSE Midcap and Smallcap indices lost 0.3 per cent and 0.5 per cent respectively.
Among the BSE sectoral indices, Healthcare index closed with the biggest dip, down 1.4 per cent. Metal (down 1.2 per cent), Realty (down 1.2 per cent) and Bankex (down 1 per cent) indices were other notable losers. Telecom and Capital Goods indices declined 0.8 per cent and 0.1 per cent respectively.
On Thursday, the BSE Sensex closed 47 points or 0.16 per cent down at 29,927 while the NSE Nifty ended three points lower at 9,262.
Top gainers in the Sensex-30 pack: TCS (up 1.1 per cent), Bajaj Auto (up 1 per cent), Bharti Airtel (up 0.8 per cent), Hero Motocorp (up 0.6 per cent) and NTPC (up 0.3 per cent).
Top losers in the Sensex-30 pack: Sun Pharma (down 3 per cent), Lupin (down 2.6 per cent), Adani Ports (down 2.4 per cent), Reliance Industries (down 2.3 per cent) and Dr Reddy’s Labs (down 2 per cent).
Asian markets traded with mixed moves. Japan’s Nikkei 225 Index jumped 0.4 per cent, Singapore’s Straits Times Index increased 0.1 per cent, Hong Kong’s Hang Seng index fell 0.1 per cent, Korea’s KOSPI index shed 0.2 per cent and China’s Shanghai Composite Index rose 0.2 per cent.
The Rupee closed 23 paise higher at 64.28 against the US Dollar.