Live: Sensex, Nifty Fluctuate; Tata Motors, L&T Top Laggards

• Benchmark indices decline for the second straight day
• Nifty down 0.3% at 12,649
• Sensex down 0.3% at 43,216
• Nifty Bank down 1.6% at 27,830
• Nifty Midcap index down 0.2%
• Nifty Smallcap index up 0.4%
• India Volatility Index down 1.5% to 20.3
• Nifty Media Index is the top sectoral laggard; down 2%
• Nifty PSU Bank index declines 1.7%
• Nifty Pharma and Nifty Realty buck the trend; up 0.9% each
• Eicher Motors is the top Nifty gainer; up 4.1%
• IndusInd Bank is the top Nifty laggard; down 3%
• 909 stocks on the NSE trade with gains while 775 decline

Shares of the company are up for the second straight day, after a 14% jump on Thursday.

Rakesh Jhunjhunwala's Rare Enterprises acquired 1.1% stake in the company on Thursday, in a large deal, as per data available on the exchanges.

50 lakh shares were acquired by Rare Enterprises at Rs 57.73 per share. Morgan Stanley Asia sold 1.67% stake in the company at Rs 57.16 per share.

Shares gained as much as 16% to Rs 63.9 and are trading at a two-month high.

Indian equity markets have begun trading on the final trading day of the week on a subdued note, contrary to futures pointing towards a gap down open.

The S&P BSE Sensex opened 0.1% lower while the NSE Nifty 50 index declined 0.25% at the start of trading. As of closing on Thursday, both Sensex and Nifty were up 3% for the week.

Most sectoral indices have opened with a negative bias. Both Nifty Bank and the PSU Bank index have opened 0.6% lower while the Metal index is down 0.4%.

The Pharma and Realty indices have opened higher with gains of 0.4% each.

Broader markets are little changed with both Midcap and Smallcap index barely moving in either direction from Thursday's closing levels.

804 stocks on the NSE have opened with gains while 794 are declining.