The Sensex and the Nifty were trading down by over 0.2 per cent in the mid-session on Friday due to heavy selling in metal, banking, realty and PSU stocks amid firm European cues.
At 2.25 p.m., the 30-share BSE index Sensex was down 44.41 points (0.22 per cent) at 19,760.35 and the 50-share NSE index Nifty was down 17.1 points (0.29 per cent) at 5,890.40.
Among BSE sectoral indices, metal index fell the most by 3.69 per cent, followed by PSU 1.54 per cent, realty 1.51 per cent and banking 1.38 per cent.
On the other hand, consumer durables, healthcare, oil & gas and IT indices remained investors' favourite and were up 0.16 per cent, 0.13 per cent, 0.03 per cent and 0.02 per cent, respectively.
Among 30-share Sensex, ITC, Sun Pharma, Hero MotoCorp, M&M and HDFC were the top five gainers, while the top five losers were Hindalco, Sterlite, Coal India, HUL and Maruti.
European stocks were heading for their longest stretch of weekly gains this year, as companies from LVMH Moet Hennessy Louis Vuitton SA to Kering SA reported faster quarterly sales growth.
Stoxx 50 was up 9.79 points or 0.36 per cent at 2,750.08, FTSE 100 was up 4.85 points or 0.07 per cent at 6,592.80 and DAX was down 8.24 points or 0.1 per cent at 8,290.74.
Most Asian stocks were down, with the regional benchmark index trimming a fifth weekly advance, as Japanese shares dropped amid disappointing earnings.
Nikkei plunged 432.95 points or 2.97 per cent to 14,130.00, while Hang Seng was up 2.20 points or 0.01 per cent at 21,903.20 and S&P/ASX 200 was up 6.39 points or 0.13 per cent at 5,042.
Global stocks have been see-sawing as investors examine US economic data to try and gauge when the Federal Reserve will start scaling back its $85-billion-a-month bond-buying programme.
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