The market is still under pressure with the Sensex is down 137.85 points or 0.5 percent at 27991.99. The Nifty is down 37.95 points or 0.4 percent at 8661.45. About 1137 shares have advanced, 1198 shares declined, and 185 shares are unchanged.
Dr Reddy's Labs, GAIL, Bajaj Auto, ITC and TCS are top gainers while Cipla, Axis Bank, Reliance, HDFC and ONGC are losers in the Sensex.
Oil prices were stable, weighed down by a stronger dollar but supported by signs fuel markets are balancing after two years of oversupply. The dollar rose to its highest level since March against a basket of other leading currencies on Thursday, potentially crimping demand as fuel becomes more expensive for countries using other currencies.
Despite the falls, overall sentiment in oil markets was confident as financial investors are still keen to pour more money into crude futures, and there are also mounting signs of a tightening physical oil market.
