Shares of IT companies were in focus with the Nifty IT and S&P BSE IT index gaining more than 2% in an otherwise lower market
The broader markets also ended lower in line with the benchmark indices
Banking stocks felt the heat due to worries that the lending rate cuts will hit their bottom line
The BSE gauge Sensex fell 73.88 points to 35,548.26 and the NSE Nifty slid 17.85 points to 10,799.85, taking cues from tumbling global shares.
S&P BSE Sensex settled at 31,170, up 60 points, while the broader Nifty50 closed at record high for third straight session. It ended at 9,624, up 19 points.
S&P BSE Midcap and the S&P BSE Smallcap indices gained 2% and 1.6% respectively
Broader market underperformed the headline indices with BSE Midcap and BSE Smallcap finishing in red
Extending losses for 7th session, Nifty fell below the 8,000 mark for the first time since Nov 25
Tata Steel was the day's worst performer in the Sensex pack, plunging 3.25 per cent, followed by Bharti Airtel at 3.05 per cent.
Out of the 30-share Sensex pack, 21 ended lower and one remained unchanged
The broad-based NSE Nifty rose 52.80 points, or 0.50 per cent, to end at 10,530.70
In the broader market, the S&P BSE Midcap added over 1% to finish at record closing high
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ITC, Infosys, Wipro and HDFC Bank among the major losers.
Investors lost around Rs 1.57 lakh crore in market valuation on Friday.
Firms hired additional hands to keep up with the production demand
The Sensex was up 70 points and the Nifty was up 20 points led by SBI on robust Q2 earnings.
The breadth, indicating the overall health of the market, was slightly positive
The S&P BSE Midcap and S&P BSE Smallcap indices gained 0.4% and 1%, respectively
The country must get its act on global alliances right in order to feed its fuel-hungry economy, points out Subhomoy Bhattacharjee.
Metal stocks lose ground with Hindalco, Tata Steel, Sesa Sterlite down 4-10%.
The 50-share NSE Nifty shed some ground to settle at 8,699.40 points, up 40.30 points, or 0.47 per cent
BSE Healthcare, Oil & Gas, Consumer Durable, TECk, Power and Metal indices declined between 0.5-1%.
Broader market outperformed the frontline indices and also hit their respective all-time highs
For the seven months since February 2014, the benchmark index surged nearly 27%.
At the close, the 50-share NSE Nifty was at 8,611.15, up 19.90 points, or 0.23 per cent, after moving between 8,637.15 and 8,555.20.
Inflation in India probably edged up in October as food prices climbed while weak demand is expected to have hurt factory output growth.
BSE Smallcap index outperformed the frontline indices to rise 0.6%, while the BSE Midcap was flat
Sensex lost 76 points to end at 25,589 while Nifty shed 23 points to end at 7,649.
ITC, Sun Pharma, Cipla and Tata Steel were top gainers on BSE Sensex
The market breadth, indicating the overall health of the market turned negative from positive
It is the rupee's biggest single-day gain this year.
Covering-up of short positions ahead of Thursday's expiry of August series in the derivatives segment gave equities a slight push
Next set of Q4 FY16 earnings, progress of monsoon along with election poll outcome will dictate market trend this week
The NSE Nifty went past the 8,600-mark for the first time since November 1.
The broader Nifty too fell for the second straight session and closed with a loss of over 62 points, or 0.54 per cent, at 11,520.30, after hovering between 11,496.85 and 11,602.55.
Stock specific action is seen with some of the prominent companies posting their quarterly numbers.
The trading range for the Spot USD/INR pair is expected to be within 66.20 to 67.00.
The primary market showed some signs of life in a busy day.
Snapping its 3-day winning spree against the American currency, the rupee on Wednesday dropped by 21 paise to end at 66.64 on fag-end dollar demand from banks and importers despite a sharp rally in domestic equities.
Good foreign capital inflows failed to restrict the rupee's fall against the dollar
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