On the last trading day of the week, the major benchmark indices of the domestic stock market closed with a decline. Profit booking was seen in the market after a sharp rise in the previous session. FMCG and energy sector stocks closed with a decline during this period. The 30-share BSE Sensex closed 72 points or 0.09% lower at 82,890, while the broader NSE Nifty closed 32 points or 0.13% lower at 25,356.

Among Sensex stocks, Adani Ports, ITC, Bharti Airtel, NTPC, Maruti Suzuki and Asian Paints were the top losers, slipping between 0.7% and 1.4%. On the other hand, Bajaj Finance, Bajaj Finserv, Axis Bank, IndusInd Bank and Tata Steel ended in the green. Meanwhile, Adani Group stocks fell up to 2.5%. The fall came after US short-seller Hindenburg Research claimed that authorities had frozen over $310 million of the group's funds. However, the Adani Group has denied any such court action.

Talking about individual stocks, Godfrey Phillips shares rose by 10% after it announced its board meeting to discuss the bonus issue proposal. The company said its board will meet on September 20 to approve the bonus issue in the ratio of 2:1. This means two bonus shares will be issued for every share of the company. 

Shares of HG Infra Engineering also rallied over 4% after the company received an order worth Rs 716 crore from Central Railways. Data after market close on Thursday showed that India's retail inflation in August remained below the central bank's target of 4% for the second consecutive month. However, it edged up to 3.65% in July. It was slightly higher than the 3.6% in July. Meanwhile, food inflation, which accounts for nearly half of the overall CPI basket, rose to 5.66% in August. However, investor sentiment in the market remained positive. About 2,477 stocks advanced, 1,481 declined and 109 stocks remained unchanged on the BSE.

Biggest one-week gain in rupee since June

The rupee closed at 83.8875 against the US dollar on Friday. It closed at 83.9650 in the previous session. On a week-on-week basis, the domestic currency strengthened by about 0.1%. This is the best weekly performance of the rupee after the week ended June 25. On Friday, the dollar index fell below the 101 level after falling 0.2%. While in Asian currencies, the Korean Won and Malaysian Ringgit recorded gains.