Domestic indices ended lower on Friday, retreating from record highs hit this week as investors booked profits ahead of a long weekend, but indexes still posted their biggest weekly gain in six.
The benchmark BSE index ended 111.34 points or 0.37 per cent lower at 29,918.40, but gained 1.88 per cent for the week. The broader NSE index closed down 38.1 points or 0.41 per cent at 9,304.05, but was up 2 per cent for the week.
Both indexes posted their fourth straight month of gains.
Among BSE sectoral indices, realty index fell the most by 1.76 per cent, FMCG 1.22 per cent, TECk 0.73 per cent and IT 0.68 per cent. On the other hand, metal index was the star-performer and was up 1.5 per cent, PSU 1.24 per cent, infrastructure 0.72 per cent and auto 0.65 per cent.
Top five Sensex gainers were ONGC (+3.76%), State Bank of India (+2.66%), Maruti (+2.42%), ICICI Bank (+1.62%) and Asian Paints (+1.62%), while the major losers were ITC (-2.28%), HDFC (-1.93%), HDFC Bank (-1.6%), TCS (-1.27%) and HUL (-1.23%).
Brokers said that continued selling by participants mirroring a weak trend in other Asian bourses dampened the trading sentiment.
Caution prevailed as investors were not keen to raise bets at the prevailing record levels despite the start of May futures and options series in the derivatives segment, they added.
Asian stocks slipped on Friday as investors took profits after a strong week, while the Korean won weakened after US President Donald Trump said he would renegotiate or terminate a trade deal with South Korea.
The dollar was 0.2 per cent stronger at 1,132.55 won following Trump's comments in an interview with Reuters.