The benchmark indices, the BSE Sensex and the NSE Nifty, traded in the red in the afternoon session on Friday.
At 1:20 pm, Sensex was at 46,729, down 144 points or 0.31 per cent lower, while the Nifty slipped 53 points or 0.39 per cent to 13,764.
The top gainers on the Sensex were IndusInd Bank, ICICI Bank, HDFC Bank, Bajaj Finance and Reliance. THe laggards were Dr Reddy’s, Maruti, Bharti Airtel, TCS and Bajaj Auto.
According to a PTI report, equities made a smart recovery on Friday morning after five sessions of hefty losses, with the BSE benchmark Sensex rebounding over 400 points, led by gains mainly in banking, energy and auto stocks.
Over the previous five sessions, the Sensex had lost 2,917.76 points, while the Nifty had shed 827.15 points.
Analysts quoted by the report, said a continued pullback in domestic markets was mainly led by profit booking ahead of the Union Budget and important global events.
Foreign portfolio investors (FPIs) offloaded shares worth a net Rs 3,712.51 crore on Thursday, according to exchange data.
Elsewhere in Asia on Friday, stocks markets were trading higher but heading towards settling with worst weekly losses in months. (with inputs from PTI)