Closing Bell: Sensex Closes 167 Points Lower, Nifty Also Down By 59

Domestic stock markets fell on Friday amid volatile trade with the benchmark indices Sensex and Nifty only briefly staying in the positive zone.

The S&P BSE Sensex index rose as much as 117.63 from the previous close to touch 39,107.37 on the upside, before shedding 310.35 points from there to 39,107.37 at the day's weakest level.

The broader NSE Nifty benchmark slid as much as 87.8 points from an intraday high of 11,593.60 to hit 11,505.80 at the weakest level of the day.

In the previous session, Market benchmark BSE Sensex zoomed 396 points on Thursday, driven by gains in index heavyweights ICICI Bank, RIL, L&T and Maruti as September series derivatives expired amid positive cues from global markets.

After rallying 565 points during the day, the 30-share Sensex ended 396.22 points, or 1.03 per cent, higher at 38,989.74. The broader NSE Nifty soared 133.10 points, or 1.22 per cent, to end at 11,573.30.

Top gainers in the Sensex pack included Vedanta, M&M, ICICI Bank, Tata Steel, ONGC, Maruti, IndusInd Bank, L&T, Hero MotoCorp, Bajaj Finance and Kotak Bank, surging up to 6.47 per cent.On the other hand, Yes Bank, Infosys, HUL, HCL Tech, HDFC, NTPC, PowerGrid and TCS dropped up to 4.93 per cent.