After remaining in the positive zone in early trade, the Bombay Stock Exchange benchmark Sensex, on Friday succumbed to mid-way profit booking and lost more than 35 points.
The 30-share index, which surged by 82.36 points in early trade, fell back to close 35.04 points down at 14,182.71 on selling by funds in heavy-weight blue-chip stocks.
Earlier, it moved between 14,300.11 and 14,067.52 points.
The second wide-based National Stock Exchange index, Nifty also fell by 18.90 points at 4,090.15, after touching the day's high of 4,137.15 and a low of 4,058.35.
Bucking the trend, Reliance Industries' stocks continued to rise on the back of strong earnings in the third quarter and surged to a record high of Rs 1,428 at the outset but profit-taking, trimmed gains and ended at Rs 1,380.25, still up by Rs 13.25, or nearly 1 per cent.