The benchmark BSE Sensex and the NSE Nifty finished higher on Thursday as buying emerged across-the-board. Also, the central bank raised the inflation forecast for the remainder of the current fiscal to 4.3-4.7 per cent.
The NSE Nifty50 fell by 74.15 points or 0.73 per cent to close at 10,044.10 points, while the Sensex at 32,597.18 points - down 205.26 points or 0.63 per cent. It had touched a high of 10,104.20 in early trade.
The market breadth was in favour of the declines on Monday afternoon with 782 stocks advancing as against 868 declines.
PSU Bank Nifty rose 1.25 per cent led by lenders such as Bank of India, Oriental Bank, Syndicate Bank and SBI on expectations that the government would soon reveal details of a recapitalisation plan. The Rupee opened at 64.55 a dollar on Friday.
Emami shares jumped 2 percent. Other companies that stood among the pack of gainers on the Sensex include Asian Paints, Maruti Suzuki, Tata Steel, Bajaj Auto, NTPC, Larsen and Toubro, ICICI Bank, Hindustan Unilever, State Bank of India, Tata Motors, Lupin, Adani Ports, Hero MotoCorp, Power Grid and Infosys, rising up to 3.29%.
In broader markets, the BSE Midcap and BSE Smallcap indices were up 0.7% and 0.9%, respectively. Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net Rs 1,470.56 crore, while domestic institutional investors (DIIs) bought to the tune of Rs 1,074.39 crore yesterday, as per provisional data released by the stock exchanges.
Japan's Nikkei led the way as the yen eased on the dollar, rising 1.1 per cent on top of Thursday's 1.45 per cent bounce to be nearly back where it started the week.
In the Eurozone, key indices such as Paris CAC 40 and Frankfurt's DAX Performance Index were up by 0.32% and 0.55% in their early deals. London's FTSE too fell 0.16 percent.