NEW DELHI: The domestic market got off to a tepid start on Friday, tracking weak cues from Asian peers.
A massive rise in global crude oil prices too dented investor confidence.
Asian stocks struggled on Friday to track Wall Street's exuberance amid anxiety over Sino-US trade negotiations.
Also tempering appetite were fresh Middle East tensions, after Iran shot down a US military drone.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.1 per cent.
Japan's Nikkei was flat.Oil eyed first weekly gain in 5 weeks on tensions in the Middle East after Iran shot down a US military drone and on hopes for a drop in US interest rates that may stimulate global growth.
Brent crude was up 39 cents, or 0.6 per cent, at $64.84 a barrel.
The crude prices soared 6 per cent on Thursday.The rupee too edged lower amid worsening macro environment.
Rising crude and gold prices weighed on the domestic currency that shed 34 paise against the dollar.
Both oil and gold are key constituents of India's bulging import bill.
Shares of Jet Airways made a crash landing this morning after surging 123 per cent in the previous session.
National Company Law Tribunal on Thursday admitted an insolvency plea by Jet Airways top lender SB, paving way for a formal resolution process for the distressed airline.
The stock was trading at Rs 56.60 at 9:30 am.Foreign portfolio investors (FPIs) sold Rs 438.41 crore worth of domestic stocks on Thursday, data available with NSE suggested.At around 9:50 am, the 30-pack Sensex traded at 39,379, down 222 points or 0.56 per cent.Nifty followed suit, shedding 44.20 points or 0.38 per cent to trade at 11,647.In the Nifty pack, 20 stocks gained, 29 declined while one remained unchanged.
Meanwhile, among Sensex stocks, 13 gained while 17 fell.
Vedanta was the biggest gainer, up 0.81 per cent, as the Goa CM assured mining issues to be resolved by July.
ONGC, Coal India, SBI, NTPC and L-T were other gainers, rising upto half a per cent.Maruti Suzuki declined the most, down 1.99 per cent, after the auto maker said it has increased the price of its popular compact sedan Dzire by up to Rs 12,690 on account of compliance with new safety and emission norms.
Other losers comprised of Yes Bank, Tata Motors, ITC, Kotak Bank and Axis Bank.BSE Midcap fell 0.12 per cent while BSE Smallcap gained 0.17 per cent.On the sectoral front, barring Consumer Durables, Power, Industrials and Basic Materials all the sectors lost with Realty as the worst performer, down 1.15 per cent, led by DLF.Meanwhile, with inflation in India well within the monetary policy committees (MPC) mandated target, it is crucial to give higher importance to faltering economic growth, members said in the minutes of the June meeting released on Thursday.