Market breadth was positive with 1,428 advances against 906 declines. "It was nevertheless the sixth consecutive session of losses for the Nifty", Deepak Jasani, Head - Retail Research, HDFC Securities told IANS. "European indices like DAX and CAC 40 traded higher", he added.
It finally settled down 135.75 points, or 1.38 per cent, at 9,735.75, it lowest closing since August 11 when it closed at 9,710.80.
Foreign portfolio investors (FPIs) sold off shares worth Rs 856.28 crore yesterday, showed provisional data from the stock exchanges.
On Friday, the rupee extended its gains for the second straight session and opened 16 paise higher at 65.34 against dollar.Asian shares tried to regain some poise on Friday after a tough week in which the gathering risk of a United States rate rise lifted Treasury yields towards nine-year highs and boosted borrowing costs across the region, Reuters reported.
On the other hand, the S&P BSE metal index surged by 327.74 points, realty index was up by 52.72 points and banking index by 49.18 points. ICICI Lombard made its debut on the market on Wednesday, and its stock fell on both indices in the early morning trade before recovering. These four firms would be replaced by Bajaj Finance, Hindustan Petroleum Corporation Ltd, and UPL Ltd.
Biggest gainers in the 30-share index were Dr Reddy's Laboratories (2.62%), Coal India (2.32%), Maruti Suzuki India (2.11%), Cipla (2.05%), Axis Bank (1.24%), and Oil & Natural Gas Corporation (1.09%). The shares of Sun Pharma, ITC and TCS rose, whereas the shares of Asian Paints and Adani Ports fell.