The Shanghai Composite Index eased 0.2 percent in subdued trading on Wednesday morning.
The CSI300 index of the largest listed companies in Shanghai and Shenzhen ended at 3,355.16 points and the Shanghai Composite Index at 3,116.35.
FPIs sold shares worth a net Rs 1236.95 crore on Friday.
Markets across the globe gained after China Securities Regulator removed its four-day-old circuit-breaker system.
The CSI300 of the leading Shanghai and Shenzhen A-share listings has lost almost 11 per cent this week.
Weakness in the rupee against the US dollar also weighed on domestic stocks. The local unit fell 11 paise to 70.60 against the US dollar intra-day.
The biggest losers in the Sensex pack were Vedanta, Tata Steel, M&M, Tata Motors, Maruti, Hero MotoCorp, PowerGrid, Bharti Airtel, SBI and Coal India -- falling up to 4.48 per cent.
In the past two weeks China has cut interest rates.
Tata Motors is stripped off India's most valuable company tag.
Power, oil and gas, PSU, metal, banking, auto, capital goods, infrastructure and healthcare sector stocks witnessed heavy buying through the session.
BSE Bankex and Telecom indices led the fall.
The FMCG index gained more than 1% on the back of stellar gains in ITC.
What China's market crash means for India
Infosys, Reliance Industries, TCS, HDFC, HDFC Bank, Maruti, SBI, IndusInd Bank and Kotak Bank led the gains on the Sensex, rising up to 2.53 per cent.
Other losers included HCL Tech, Yes Bank, IndusInd Bank, TCS, ONGC, Bajaj Finance, PowerGrid, Vedanta, Asian Paints, NTPC and Hero MotoCorp, which shed up to 4.07 per cent.
Infosys slipped nearly 9% after the company cut full year revenue outlook for FY17.
The regional fallout could continue.
Shanghai's benchmark share index plunged below 4,000 points for the first time since April
China's malfunctioning stock markets remained semi-frozen.
NTPC was the top gainer, spurting 4.28 per cent. Other winners were Bajaj Auto, Bajaj Finance, Sun Pharma, ITC, Hero MotoCorp, TCS, Yes Bank, HDFC, HDFC Bank and SBI, rising up to 1.38 per cent.
Sectorally, metal and banking stocks rallied the most, while FMCG and realty stocks came under selling pressure.
Among the Sensex pack, Yes Bank, L&T, HDFC, RIL, HDFC Bank, PowerGrid and Coal India were the biggest losers -- falling up to 2.43 per cent.
The biggest gainers in the Sensex pack in Friday's session were Yes Bank, Bharti Airtel, Tata Motors, Vedanta, SBI and Axis Bank, spurting up to 3.05 per cent. The losers included HCL Tech, TCS, Infosys, Hero MotoCorp, IndusInd Bank and Sun Pharma, falling up to 1.55 per cent.
The Sensex ended at a fresh record closing high of 28,889 while Nifty ended at a fresh record closing high of 8,730.
The NSE Nifty ended 89.40 points, or 0.83 per cent, lower at 10,710.45.
The market breadth, indicating the overall health of the market, was positive
Stock specific action is seen with some of the prominent companies posting their quarterly numbers.
China now world's second largest share market, India is 7th
The India growth story is still intact, and fall in the Indian stock markets is an imported one and if the government succeeds in legislating the GST and Land Bill, India could yet emerge as a winner believe stock market experts
The NSE Nifty, which dipped below the key 10,800-mark to touch a low of 10,755.40, bounced back on late buying to close at 10,817.70, up 9.65 points, or 0.09 per cent.
ICICI Bank was the top gainer in the Sensex pack, surging 4.64 per cent, followed by Axis Bank at 3.86 per cent and SBI 2.53 per cent.
Out of the 30-share Sensex pack, 21 ended lower and one remained unchanged
The rupee closed at Rs 66.21 in its last trading session.
Market experts believe the retreat is because of uncertainty.
Tracking gains in bluechip stocks, investors were also seen building up position in broader markets, lifting the small-cap and mid-cap indices by 0.83 and 0.15 per cent
Among other stocks, IT firm Mphasis today reported a 15.30% increase in consolidated net profit at Rs 184.72 crore for the quarter ended September 30, 2015.
Japan's Nikkei fell 0.5% and South Korea's Kospi lost 1.3%.
Chinese shares opened lower, with the Shanghai Composite Index down 1.8% and the CSI300 index down 2.2%.
Investors lost around Rs 1.57 lakh crore in market valuation on Friday.
Profit-booking by participants in view of the domestic markets' recent record-setting run fuelled the downtrend
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