The 30-scrip Sensitive Index (Sensex) and broader 50-scrip Nifty on the National Stock Exchange declined in early trade on Friday, after gaining for the past five sessions consecutively.
At 10.28 a.m., Sensex traded at 60,986 points, down 0.4 per cent from the previous close of 61,235 points. It opened at 61,040 points.
Nifty traded at 18,192 points, down 0.4 per cent from the previous close of 18,257 points. It opened at 18,185 points.
Aurobindo Pharma, HCL Technologies, Axis Bank, Adani Transmission, and Asian Paints were some of the top losers, NSE data showed.
Top gainers during the early trade were Tata Consumers, IOCL, ACC, Ambuja Cements, and Bosch.
The Indian equity indices -- S&P BSE Sensex and NSE Nifty50 -- settled marginally higher on Thursday, with indices traded on a positive note for fifth consecutive session.
Return of foreign portfolio investors (FPIs) into the Indian equity segment likely supported the market sentiment.
Among the sectoral indices, Nifty metal and pharma rallied the most while Nifty realty and bank declined during the session, NSE data showed.
On the stocks front, Tata Steel, JSW Steel, Sun Pharma, Coal India, L&T rose the most, rallying 6.3 per cent, 4.3 per cent, 3.6 per cent, 3.3 per cent, and 2.5 per cent, respectively.
Wipro, Asian Paints, HCL Technologies, HDFC Bank, Indusind Bank, on the other hand, declined the most during the session. "The domestic market traded between gains and losses weighing the initial positive earnings results and weak global cues. Globally, western markets traded lower due to 4-decade high inflation as the US consumer price index rose by 7 per cent YoY in December," said Vinod Nair, Head of Research at Geojit Financial Services.