Indian markets traded on a choppy note during Wednesday afternoon's trade session over concerns of slowing global economy and the ongoing US-China trade tension. Sensex lost over 120 points and the Nifty slid below the 10,900 mark.

The financial sector led the gains on the major indices -- BSE Sensex and Nifty50 -- during the Friday afternoon trade, as Asian markets advanced, tracking overnight gains in the US markets.

Weakness in the global markets and the domestic currency due to the US Fed rate hike along with profit booking pulled the Sensex down close to 700 points on Friday.

The key domestic indices recovered from early losses on Wednesday, with the S&P BSE Sensex reclaiming the 34,000-mark even as the rupee slipped close to 74 per dollar.

Key equity indices rose on Monday, wiping off initial losses, as wholesale inflation grew at a slower pace and amid bets of robust corporate earnings in the second quarter ended September 30.

The key Indian equity indices traded on a negative note during the afternoon session on Wednesday after they opened on a positive note, with the S&P BSE Sensex losing around 160 points so far.

Broadly negative global cues coupled with a weak rupee depressed the Indian equity indices on Wednesday, with the NSE Nifty50 closing below the psychological level of 11,500 points.

Amid a largely choppy trade, the key Indian equity indices of S&P BSE Sensex and the NSE Nifty50 settled at their respective closing highs on Tuesday registering nominal gains over the previous trade.

Investor sentiments in the Indian equity market firmed up on Friday with the NSE Nifty50 ending at a record closing level, following broadly positive cues in the global markets.

Profit booking along with broadly negative global cues subdued the Indian equity market during the early morning trade session on Friday.