After oscillating between highs and lows during the day, the 30-share BSE benchmark Sensex fell 200.66 points, or 0.25 percent, to 81,508.46. During the day, it moved between a high of 81,783.28 and a low of 81,411.55.
The NSE Nifty closed down 58.80 points, or 0.24 per cent, at 24,619.
Out of the 30-share pack, Hindustan Unilever, Tata Motors, Axis Bank, Nestle India, Asian Paints, ITC, Reliance Industries, Mahindra & Mahindra, IndusInd Bank and State Bank of India were left behind.
Larsen & Toubro, Tata Steel, JSW Steel, HDFC Bank, Adani Ports, Kotak Mahindra Bank, Bharti Airtel and PowerGrid were among the beneficiaries.
Prashant Tapse, Senior VP (Research) at Mehta Equities Ltd said, “Markets witnessed a range-bound session and remained mostly in negative territory due to lack of investor enthusiasm after last week’s rally. ”
In Asian markets, prices in Seoul and Shanghai remained lower, while Tokyo and Hong Kong ended in the green.
European markets had a bullish trend. US markets were bullish on Friday.
Global oil benchmark Brent crude rose 0.89 percent to $71.75 a barrel.
Foreign institutional investors (FIIs) turned into sellers on Friday after remaining net buyers for the last three consecutive sessions. According to exchange data, they sold equity worth Rs 1,830.31 crore.
On Friday, the 30-share BSE benchmark Sensex closed down 56.74 points, or 0.07 per cent, at 81,709.12, while the NSE Nifty closed down 30.60 points at 24,677.80.