After seeing fresh records and milestones during the week, it was an anti-climax ending for D-Street on Friday, with the Sensex ending over 150 points lower, while the Nifty giving up 11,450-mark. The 30-share index, which clinched 38,000 during the week, managed to end below that.

The losses were largely a courtesy of big fall in banking names, led by State Bank of India. The lender declared a loss of Rs 4,876 crore for the June quarter on the back of higher provisions as well as recognition of treasury losses. Investors were as such cautious ahead of the results announcement, as the stock fell 2 percent in the morning.

Apart from that, there was weakness visible among metals, pharma as well as energy names, while auto and FMCG names were in the green. IT stocks, too, witnessed a rally on the back of a weaker rupee. The Nifty Midcap index ended lower by over half a percent.

The market managed to snap its 5-day winning streak, but investors could make peace with the fact that the Nifty has held 11,400\. For the week, Sensex was higher by 0.8 percent, while the Nifty rise 0.4 percent.

At the close of market hours, the Sensex ended down 155.14 points or 0.41% at 37869.23, while the Nifty was lower by 41.20 points or 0.36% at 11429.50\. The market breadth is narrow as 1,040 shares advanced, against a decline of 1,658 shares, while 140 shares were unchanged.

M&M, TCS, Eicher Motors and BPCL were the top gainers, while SBI, Vedanta, and GAIL ended up being the top losers.

"Indian benchmark indices ended Friday’s session with losses tracking weak global cues. The Nifty Index ended lower by 0.4% to close at 11,430 levels. The broader markets underperformed the benchmark with BSE Midcap and BSE Smallcap ending the day with losses of 0.9% each," Jayant Manglik, President of Religare Broking said in a statement.