The BSE Sensex fell by 346.25 points, opening at 76,863.65, reflecting a 0.45 per cent decline. Meanwhile, the NSE Nifty 50 dropped by 99.75 points to 23,401.35, marking a 0.42 per cent decrease.
At Thursday's closing session, the NSE Nifty 50 surged 203 points, or 0.92 percent, closing at 22,403.85, while the BSE Sensex climbed 676 points, or 0.93 percent, settling at 73,663.72.
The National Stock Exchange's (NSE) Nifty 50 started the day down by 34.35 points or 0.15 per cent at 22,371.25, while the Bombay Stock Exchange's (BSE) Sensex dropped 104.87 points or 0.14 per cent to 73,767.42 in the opening trade.
The NSE Nifty 50 managed to rise 10.50 points (0.21 per cent) to settle at 21,741.90, while the BSE Sensex recorded a marginal gain of 31.68 points (0.04 per cent) to reach 72,271.94.
The NSE Nifty 50 exhibited remarkable strength, climbing 273.95 points to close at an all-time high of 21,456.65. This upward trajectory was fuelled by robust performances in key sectors, particularly in information technology (IT), banking, and metal stocks.
Indian stock indices carried on with their gains from the past session, in line with the global stocks, after the US central bank's less hawkish stance on the monetary policy front.
Several analysts have been pointing out that any further rally from the current peak seems unlikely as valuations were higher, and that is what seems to have been happening in the past two-odd sessions.
There is nothing that seems stopping the current rally in Indian stock indices even as several analysts lately have been pointing to high stock valuations.
Foreign portfolio investors (FPIs) have remained net buyers in Indian stock markets for the fourth straight month, according to data from the National Securities Depository (NSDL).