In the barometer index, the S&P BSE Sensex was down 53.07 points or 0.07% to 79,996.60. The Nifty 50 index added 21.70 points or 0.09% to 24,323.85.

In the broader market, the S&P BSE Mid-Cap index added 0.75% and the S&P BSE Small-Cap index rose 0.70%. The market breadth was positive.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 1.24% to 12.70.

Among the sectoral indices, the Nifty Oil & Gas index (up 1.89%), the Nifty Pharma index (up 1.29%) and the Nifty PSU Bank index (up 1.25%) outperformed the Nifty 50 index.

Meanwhile, the Nifty Financial Services index (down 1%), the Nifty Private Bank index (up 0.97%) and the Nifty Bank index (up 0.83%) underperformed the Nifty 50 index.

Numbers to Track:

The yield on India's 10-year benchmark federal shed 0.10% to 6.991 as compared with previous close 6.990.

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 83.4925, compared with its close of 83.5025 during the previous trading session.

MCX Gold futures for 5 August 2024 settlement added 0.18% to Rs 72,498.

The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.15% to 104.97.

The United States 10-year bond yield declined 0.21% to 4.335.

In the commodities market, Brent crude for September 2024 settlement lost 7 cent or 0.06% to $87.28 a barrel.

Global Markets:

European shares advanced on Friday lifted by expectations of the U.S. Federal Reserve cutting interest rates in September. This positive investor sentiment was further bolstered by the euro's rise to a three-week high in anticipation of the French elections.

Asian stocks ended mixed on Friday. Japan's household spending dropped to 1.8% in May, falling short of expectations for a 0.1% gain. This metric is closely watched by the Bank of Japan as an indicator of a healthy economic cycle where wages and prices rise together.

The United States stock market was closed on Thursday, July 4th, in observance of Independence Day.