Indian equity benchmarks made a positive start on Friday
morning session following gains in Asian peers. However, markets turned
volatile and gave up all gains to enter into red terrain as selling in Consumer
Durables, Auto and TECK stocks. Initially, foreign fund inflows supported the
domestic sentiments in the market.

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The Sensex is trading at 61,374.36, down by 376.89 points
or 0.62% after trading in a range of 61,369.30 and 61929.88. The Nifty is trading
at 18,229.65, down by 117.50 points or 0.64% after trading in a range of 18,382.95
and 18394.60.

Major laggards from the Sensex pack were Mahindra &
Mahindra, Titan Company, Bharti Airtel, Tech Mahindra, Larsen & Toubro,
Tech Mahindra, ICICI Bank, Wipro, IndusInd Bank, Reliance Industries and Tata
Consultancy Services.

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Among the gainers were Asian Paints, Axis Bank, Kotak
Mahindra Bank, Infosys, Larsen & Toubro and State Bank of India.

The rupee jumped 10 paise to 81.54 against the US dollar in
early trade as foreign fund inflows and a weak greenback in overseas markets
boosted investor sentiments.

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Asian markets are trading mostly in green with the Nikkei
225 rising 21.16 points or 0.08% to 27,951.73, Hang Seng surging 104.53 points
or 0.58% to 18,150.19, Taiwan Weighted adding 20.03 points or 0.14% to
14,555.26, KOSPI advancing 11.76 points or 0.48% to 2,454.66 and Jakarta
Composite was up by 26.12 points or 0.37% to 7,071.11.

US stock markets had ended in the negative territory on
Thursday.

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“There are no major global or domestic triggers that
can move the markets decisively as of now. Therefore, the market is likely to
meander around the current levels,” said V K Vijayakumar, Chief Investment
Strategist at Geojit Financial Services.

On Thursday, the Sensex declined 230.12 points or 0.37% to
settle at 61,750.60. The Nifty fell 65.75 points or 0.36% to end at 18,343.90.

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Brent crude, international oil benchmark was trading 0.71%
higher at USD 90.42 per barrel.

According to stock exchange data, foreign institutional investors
(FIIs) turned buyers as they bought shares worth Rs 618.37 crore on Thursday.