Equity benchmarks started off last day of the week on a negative note, dragged by profit booking and weak global cues.
The 30-share BSE Sensex was down 39.24 points at 31,330.10 and the 50-share NSE Nifty fell 17.25 points to 9,657.30. About 602 shares advanced against 479 declining shares on the BSE.
Tata Steel, Tata Motors, Wipro, ICICI Bank, HDFC Bank, IndusInd Bank and Infosys were under pressure while Lupin gained over a percent in early trade followed by Bharti Airtel, Cipla and Eicher Motors.
Tata Teleservices gained 5 percent. JBM Auto was up on entering into electric bus segment.