Despite a strong rebound in the domestic currency and continued decline in crude oil prices, the key equity indices -- S&P BSE Sensex and Nifty50 -- traded on a negative note during the afternoon session of the trade on Friday.
The rupee bounced back 30 paise to Rs 72.71 a US dollar from its previous close of 73. The benchmark Brent Crude also slipped below the $71 a barrel mark.
The market breath was positive with 1,171 advances and 1,138 declines even though the equity indices traded with a negative bias.
"This is owing to the lower level buying in quality small and mid-cap stocks by investors," Astha Jain, Senior Analyst, Hem Securities, told IANS.
It touched an intra-day high of 35,287.29 and a low of 35,011.23.
The NSE Nifty50 traded at 10,574.40, down 24 points or 0.23 per cent. It opened at 10,614.70 from its previous close of 10,598.40.
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