RSI was neutral against the price, while daily momentum indicator MACD stayed in sell mode.

Before closing 197 points, or 1.81 per cent, down at 10,754, Nifty hit an intraday low of 10,738.

The index hit an intraday high and low of 10,752 and 10560, respectively.

The bulls were visibly nervous, with no intent to charge ahead. Worsening macros kept them on thin ice.

Bank and IT turned out to be the high fliers, which offered the market enough tailwind.

The index is getting a bit tired as it approaches major resistance in the 10,400-10,500 zone.

Oil explorer Reliance Industries and lenders such as ICICI Bank and SBI weighed heavy.

The domestic equity market ended on a negative note on Friday on account of profit booking.