On Thursday, the US markets cracked after Argentina announced that it had defaulted on its debt. The Dow Jones closed 1.88% lower, while Nasdaq ended 2.09% lower on Friday.

The 30-share barometer, which had gained 96.19 points in yesterday's trade, slipped by 33.59 points, or 0.13 per cent, to 26,053.83 with IT, banking, realty, teck and power stocks leading the fall.

The 30-share barometer, which had lost 280.62 points in the previous two sessions, moved down by another 61.40 points, or 0.29 per cent, to 25,929.83 with capital goods, realty, metal and healthcare stocks leading the fall.

The market momentum witnessed heavy fluctuation with bouts of selling pressure in realty, oil & gas, teck, FMCG and healthcare sectors along with shares of midcap and smallcap companies.

The 30-share barometer, which had gained 1,140.35 points in the past seven sessions, shed 25.91 points, or 0.10 per cent, to 26,121.42. The gauge had closed at a new record high of 26,147.33 yesterday.

NSE index futures traded on the Singapore Exchange rise 0.37 percent, while the MSCI-Asia Pacific excluding Japan index gains 0.42 percent.

On Friday, foreign institutional investors (FIIs) bought shares worth $97.36 million, while domestic institutional investors sold $47.99 million, according to provisional data on the exchanges. In YTD, FIIs have bought $11.81 billion worth of shares.

The 30-share index declined by 45.82 points, or 0.17 per cent, to 25,515.34 with realty, power, PSU and metal sector indices leading the fall. The index had gained 554.44 points in the previous three sessions.

The market breadth is positive on the BSE with 1,242 shares advancing and 559 shares declining.