Markets end with minor cuts, Sensex closes at 31,097

New Delhi: Markets made up for the deep losses but ended in red on Friday.

The BSE Sensex settled 25.16 points or 0.08 percent lower at 31,097.73 while the NSE Nifty slipped 5.90 points or 0.06 percent to end at 9,136.85.

The BSE Sensex slumped over 350 points during the day.M&M was the top laggard in the Sensex pack, cracking over 4 per cent, followed by Axis Bank, IndusInd Bank, Hero MotoCorp, Sun Pharma and ICICI Bank. On the other hand, Bharti Airtel, Asian Paints, Tata Steel, NTPC, HUL and Reliance ended with gains.

Bourses in Shanghai and Hong Kong settled in the red, while Tokyo and Seoul closed with gains. Stock exchanges in Europe were trading on a positive note in early deals.

Meawhile, the rupee provisionally settled 2 paise lower at 75.58 against the US dollar.

In the previous session on Thursday, the 30-share index settled 885.72 points or 2.77 per cent lower at 31,122.89 amid weak global cues and investors' tepid response towards the stimulus package.

Investor wealth eroded by Rs 1,99,619.9 crore on Thursday due to the weakness in equity market, with the BSE Sensex plummeting 886 points.