The benchmark indices
ended flat on Friday amid weakness in the rupee, which hit a new low breaching 71 per dollar mark for the first time earlier in the day.
The S&P BSE Sensex
ended at 38,645, down 45 points while the broader Nifty50 index settled at 11,680, up 4 points.
Oil-to-telecom heavyweight Reliance Industries (RIL) settled 2.75 per cent lower at Rs 1,239 on the BSE.
Among sectoral indices, the Nifty
Pharma index rose 2.7 per cent led by a rise in Lupin and Dr. Reddy's Laboratories. The Nifty
IT index, too, settled 1.8 per cent higher led by Tech Mahindra and MindTree. However, Nifty
Bank index slipped 0.15 per cent due to a fall in YES Bank's shares.
Rupee hits 71 per dollar
slumped to a fresh record low of 71 against the dollar for the first time ever by falling 26 paise on persistent demand for the US currency amid rising crude prices.
At the Interbank Foreign Exchange (Forex) market, the local currency opened lower at 70.95 a dollar and slipped further to hit its lifetime low of 71 from its previous close of 70.74.
came under renewed pressure on Friday as a report US President Donald Trump was preparing to step up a trade war with Beijing sent Chinese stocks
lower and partially erased gains made in this week's global
Many emerging market currencies were also frail after Argentina's peso sank on Thursday despite the central bank's interest rate hike.
MSCI's broadest index of Asia-Pacific shares
outside Japan dropped 0.7 per cent, for monthly drop of 1.5 per cent. Japan's Nikkei closed down 0.02 per cent.
(with wire inputs)