Market breadth turned negative as 1,496 stocks ended in red, 1,168 closed in green while 252 ruled steady.
A day after Fed-fuelled rally, stocks slipped back into the red on Friday with the Sensex falling 105 points to 28,668.22, dragged down by investors booking profit in recent gainers, like banking stocks, amid weak global cues.
However, for the week, equities posted their third weekly gain in four as the Sensex and Nifty gained 69.19 points or 0.24% and 51.70 points or 0.58%, respectively.
Banking stocks, which had witnessed heavy buying yesterday came down sharply as investors cut down their exposure.
Private sector lender Axis Bank was the biggest loser on the day, plunging 5.84% to Rs 557.40, while ICICI Bank lost 1.36% to Rs 271.80 and SBI fell 1.15% to Rs 254.40.
Shares of L&T Technology Services, an arm of engineering giant Larsen and Toubro, made a decent debut on the bourses and ended 0.59 % higher at 865.10 over the issue of
price of Rs 860. Intra-day, it touched a high of Rs 931.
"With key event risks of FOMC-BoJ behind, derivatives' unwinding was seen in markets, especially with F&O expiry falling next week," said Anand James, Chief Market Strategist,
Geojit BNP Paribas Financial Services.
After opening a shade higher at 28,810.32, the 30-share Sensex touched a high of 28,825.09, but slipped later to 28,627.38 before ending down 104.91 points or 0.36% at
28,668.22. The index had risen 265.71 points on Thursday, tracking upbeat global cues after the US Federal Reserve left rates unchanged.
The NSE Nifty after moving between 8,885.20 and 8,820.30, settled 35.90 points or 0.40% lower at 8,831.55.
Overseas, Asian stocks edged lower amid a slew of economic data. In mainland China, the Shanghai Composite settled 0.28% lower, in Hong Kong, Hang Seng closed 0.31% lower, while Japan's Nifty moved down by 0.32%.
Indices in Singapore, South Korea and Taiwan moved up by 0.21% to 0.53%. Europe was also down after the euro zone flash composite Purchasing Managers Index (PMI) fell to 52.6 in September, from August's reading of 52.9.
Key indices in France, Germany and the UK fell by up to 0.50%
Out of the 30-share Sensex pack, 17 scrips ended lower.
Major losers were Lupin (2.59 %), Infy (1.46 %), Power Grid (1.46 %), Tata Steel (1.17 %), Tata Motors (0.89 %), GAIL (0.83 %) and Sun Pharma (0.81 %).
However, index heavyweight RIL was up 1.41% at Rs 1,102.95 followed by Dr Reddy's 1.05%, TCS 0.83%, HDFC 0.54%, HDFC Bank 0.42% and ONGC 0.40%.
In retail segment, the BSE mid-cap index rose 0.28 % while small-cap gained 0.08 %.
Among BSE sectoral indices, Bankex dropped 1.23 %, Utilities 0.67 %, Power 0.61 %, Telecom 0.43%, Finance 0.41 %, Teck 0.37 % and Healthcare 0.36 %, while Realty rose 1.01% followed by Energy 0.93 % and oil&gas 0.74 %.
The market breadth turned negative as 1,496 stocks ended in red, 1,168 closed in green while 252 ruled steady.
The total turnover on BSE rose to Rs 3,871.71 crore from Rs 3,311.63 on Thursday.
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