Domestic equity indices edged lower in the closing session on Friday with BSE Sensex falling 200 points and the broader Nifty giving up the 14,400 level. As the session closed, the 30-share barometer Sensex slipped 202.22 or 0.42% to 47,878.45 and Nifty 50 was down 64.80 or 0.45% at 14,341.35.

                          

"It was a choppy trading day and benchmark indices fell sharply towards the final session of the market mainly led by selling pressure in across the sectors barring PSU Banks. Concerns of rising COVID-19 cases continued to weigh on investors sentiments," Binod Modi, the head of strategy at Reliance Securities, told news agency PTI.

M&M was the top loser in the Sensex pack, shedding over 2%, followed by Dr Reddy’s, Bharti Airtel, Tech Mahindra, HUL, ICICI Bank and Infosys. On the other hand, PowerGrid, NTPC, IndusInd Bank, Axis Bank, HDFC and Asian Paints were among the gainers.

Speaking on how the markets may perform in the coming days, Rusmik Oza, executive vice president and head of fundamental research at Kotak Securities told PTI, "Fresh lockdowns and restrictions being imposed by various state governments will impact demand and also business activity. The persistent rise in hard commodity prices is a threat which could weigh on margins of many manufacturing companies. Too many potential negatives have come together which could impact markets in the very near future."