Benchmark indices ended the day lower as investors remained cautious ahead of talks of Eurozone Finance Ministers on Saturday to resolve a possible debt default by Greece.
The Sensex ended the day lower by 84 points, while the Nifty closed the day with losses of 16 points. IT Stocks saw good buying interest after Accenture raised its guidance forecast.
Infosys, TCS, Wipro and HCL Tech were among the gainers in trade. HDFC, which saw a sharp rally of almost 3 per cent in trade on Thursday, gave up most gains to end lower.
Larsen and Toubro which has also seen a spectacular rally in the last few days ended the day with losses.
IndsuInd Bank which undertook a placement of shares ended the day marginally lower. PSU banking shares continued to remain weak through the day with Punjab National Bank and Bank of Baroda among the major losers from the space.
Realty major DLF rose after the company said it plans to cut debt. GAIL was the top Nifty loser in trade dropping almost 3.5 per cent.
Meanwhile, markets Across Asia ended the day sharply lower over the debt crisis in Greece. Most of Europe was also trading lower ahead of the Eurozone Finance Ministers meet.