Key Indian stocks were under pressure with sustained capital outflows by foreign institutional investors and selling by retail investors, media reported.
Markets around the globe are keenly watching the closely contested run-up to the US presidential elections scheduled for Nov 8, according to media reports.
However, media reported, the four-tier GST rates unveiled on Thursday by the Goods and Services Tax (GST) Council was seen as a positive step by the market, which partly boosted sentiment and miimised the decline in key stocks.
Some of the key stocks that gained on Friday were ITC, Wipro, M&M, HUL, Axis Bank and ICICI Bank while Sun Pharma, Dr Reddy's Labs, Lupin, Hero and Coal India featured among the losers.
Image:Wikimedia Commons
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