Shrugging off positive developments, the Bombay Stock Exchange (BSE) benchmark Sensex on Friday ended 17 points lower due to investors cautious approach ahead of announcements of second quarter earnings.
Activity was mainly confined to frontline counters in a range-bound trading as investors preferred to wait for Q2 corporate results to be released from next week onwards.
The Sensex moved in a small range of 12,434.22 and 12,357.69 before ending the day at 12,372.81, down by 16.60 points or 0.13 per cent from Thursday's close of 12,389.41.
However, the National Stock Exchange's (NSE) S&P CNX Nifty improved further by 4.80 points or 0.13 per cent to 3,569.70 from previous close of 3,564.90.
Attributing selling pressure to negative activity by foreign institutional investors (FIIs), brokers said traders and retailers generally booked profits at the last day of week in the absence of any worthwhile institutional activity.
FIIs, which hectically covered positions to the tune of Rs 782.70 crore in futures on October 5, reported net sales of Rs 220 crore in cash on the same day, according to the provisional number.
The market virtually ignored the government's statement on need to step up financial sector reforms while directing market regulator Sebi to take measures to attract small investors to the capital market.
India's industrial output also jumped by a strong 12.4 per cent in July compared to the corresponding period last year, its highest growth in a decade.
The trading volume improved to Rs 3,723.66 crore from Rs 3,681.15 crore on September 5. VSNL clocked the highest turnover of Rs 192.11 crore followed by RIL (Rs 128.60 crore), Bombay Rayon (Rs 87.30 crore), Tata Steel (Rs 68.44 crore) and HPCL (Rs 66.98 crore).
The broad-based BSE-100 Index, however, improved further by 7.80 points to 6,324.15 from previous close of 6,316.35.
The BSE-200 Index and the Dollex-200 were quoted up at 1,498.19 and 547.30 at close compared to previous close of 1,495.73 and 545.17 respectively. The BSE-500 Index edged up by 10.20 points to 4,759.84 from last close of 4,748.64 and the Dollex-30 ended higher at 2,228.87 from 2,226.85.
HDFC dipped by 21.25 to 1431.70, Grasim by 26.50 to 2520.90, HLL by 4.65 to 245.30, ITC by 2.70 to 184.70, SBI by 7.20 to 1031.90, Satyam Computer by 6.85 to 811.05, Bajaj Auto by 8.05 to 3099.20, Cipla by 1.15 to 255.95, Dr Reddy by 2.30 to 709.50, ICICI Bank by 2.70 to 702.75, Maruti by 4.95 to 942.70, Ranbaxy by 1.50 to 422.35, Tata Motors by 1.05 to 893.70, TCS by 5.90 to 993.10 and Wipro by 7.25 to 513.65.
However, RIL rose by 8.00 to 1163.05, Rel Com by 5.45 to 353.75, Infosys Tec by 6.30 to 1872.05, ACC by 4.05 to 986.80, BHEL by 13.35 to 2324.90, Bharti Airtel by 1.10 to 460.20, GACL by 1.25 to 121.95, HDFC Bank by 3.60 to 934.20, Hindalco by 3.65 to 176.20 and L&T by 4.20 to 1266.55.