At BSE, 1,799 scrips declined and 714 advanced, while 184 remained unchanged.
The surge in IT, auto and FMCG stocks were led by investors seeking safety against market volatility.
The results are better than analysts expectations.
At the BSE, 1,879 companies declined, while 685 advanced and 131 remained unchanged.
To prevent Satyam-like frauds and disclosing the solvency status of listed companies more frequently, the Sebi Committee on Disclosures and Accounting Standards has suggested that listed companies be mandated to disclose audited statements on half-yearly basis.
From the 30-share pack, 24 companies fell, with Yes Bank emerging as the top loser, dropping 8.36 per cent, followed by NTPC, M&M and Vedanta.
The Sensex was mainly dragged by Tata Motors, ICICI Bank, Bharti Airtel and Reliance Industries -- shedding as much as 4.60 per cent.
Bucking the overall downtrend, shares of RIL rallied nearly 10 per cent, capping the Sensex loss to a large extent.
From the BSE 30-share blue chip pack, 27 scrips ended with losses led by SBI and Tata Steel.
Yes Bank was the top loser in the Sensex pack, crashing 8.36 per cent, followed by NTPC, M&M, Vedanta, Sun Pharma and TCS, which lost up to 4.81 per cent lower.
Sensex heavyweight Reliance Industries fell 2.76 per cent. In percentage terms, major laggards were Yes Bank, Indusind Bank, RIL, ICICI Bank, HDFC and Axis Bank -- plunging as much as 6.62 per cent.
Vodafone Plc and its ex-shareholders have suffered due to the delay in an Initial Public Offer (IPO) of its Indian unit.
Kotak Mahindra Bank's acquisition of ING Vysya Bank is the country's first ever amalgamation of a profit earning entity post the global financial meltdown in 2008.
There was broad-based rally with participation across sectors creating enormous wealth for investors but starting 2018, the rally got concentrated into select large-cap companies with under performance in broader markets.
The combined market capitalisation of the 21 listed PSU banks declined by about Rs 76,000 crore to Rs 425,800 crore during the month.
The next 12 months will be quite challenging marked by uncertain political events and evolving macroeconomic scenario
Analysts expect earnings to become increasingly relevant given that the stocks have rallied on positive sentiment and the gush of liquidity. Macro factors, they suggest, have already led to a large re-rating in most counters
Pipeline leanest since 2004; bankers said to be cautious due to fear of rejection by Sebi.
Shares of Kotak Mahindra Bank on Friday surged nearly 9 per cent after the private sector lender announced the acquisition of ING Vysya Bank in an all-stock deal valued at Rs 15,000 crore (Rs 150 billion).
It is the fundamentals of companies that will drive stock performance.
The Sensex closed down 308 points at 24,894 and the Nifty has lost 96 points at 7,559.
Natco Pharma, Wockhardt and Marksans have rallied between 50 and 70 per cent in the year till date.
Index heavyweights were the top losers along with bank shares.
The higher rate cut by RBI is positive for rate-sensitive sectors in the medium to long term.
ONGC is raising debt for a spate of acquisitions over the past year
Mistry's strategy appears to be the opposite of the group's stance in the heady days of 2007
One crucial revenue source that can help the government achieve its fiscal-deficit target is the proceeds from the sale of its stakes in public sector companies.
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