Overseas, other Asian markets were mixed amid caution over developments in US-China trade negotiations.
The stock markets started Friday's session on a weak note, with the BSE Sensex falling 105 points and the NSE Nifty trading near the 10,650 mark.
Extending its fall for the second straight session, the Nifty slumped 10,741.10, down 60.75 points or 0.56 per cent to end the day at 10,741.10 while the Sensex fell 156.06 points or 0.44 per cent to end the day at 35,387.88. The Nifty Bank index was trading 153.50 points or 0.59 per cent lower at 25,920.30, with 4 components in the green, 7 in the red while 1 remained unchanged. The 30-share index fell by 125.10 points, or 0.35 per cent, to 35,024.02 in the opening trade.
So far, the major gainers on the BSE were Coal India, Tata Motors, Wipro, Tata Motors (DVR) and Hindustan Unilever, while Tata Steel, HDFC, Dr Reddy's Lab, Bharti Airtel and Reliance Industries were the major losers.
In terms of investments, provisional data with the exchanges showed that foreign institutional investors sold scrips worth Rs 699.22 crore, while the domestic institutional investors bought stocks worth Rs 229.06 crore.
Japan's Nikkei advanced 0.25 per cent, while Hong Kong's Hang Seng was up 0.22 per cent in early trade.
The US Dow Jones Industrial Average, however, ended 0.22 percent down in Thursday's trade.
On the other hand, reality jumped by 2.06 per cent, FMCG 1.81 per cent, media 0.56 per cent and IT 0.15 per cent.