Hong Kong's Hang Seng slipped 1.5 per cent to 18,309.42, and the Shanghai Composite lost 0.5 per cent to 3,159.71
Bharti Airtel, Reliance, and Tata Steel were among the top gainers on the Sensex
The Sensex was down 102.97 points or at 55294.56, and the Nifty was down 31.90 points at 16488.90
Asian stock markets followed Wall Street higher on Thursday on hopes US political leaders can reach agreement to avoid a potentially disastrous default on government debt
The BSE Sensex rose 250 points to 55,916, and the NSE Nifty50 gained 72 points to 16,677
E-commerce giant Alibaba's shares in Hong Kong fell 6.8%, while gaming and social media company Tencent Holdings sank 3.2%. The Hang Seng index declined 3%
Movement of the rupee and Brent crude oil will also remain in focus this week
The 30-share BSE Sensex climbed 427.49 points or 0.80 per cent to settle at 54,178.46. During the day, it rallied 503.82 points or 0.93 per cent to 54,254.79
The BSE benchmark went lower by 111.01 points or 0.21 per cent to settle at 52,907.93. During the day, it tanked 924.69 points or 1.74 per cent to 52,094.25
In a volatile session, the 30-share BSE Sensex settled 150.48 points or 0.28 per cent lower at 53,026.97 as 20 of its stocks ended with losses
The BSE Sensex fell 500 points to 52,676, while the NSE Nifty was down 140 points to 15,708.
At 9:24 am, the BSE Sensex was up 112 points or 0.21 per cent at 54,438, whereas the Nifty 50 Index was down 0.03 per cent at 16,260.
The Sensex fell over 500 points to 56, 528, and the Nifty 50 index fell 131 points to 16,970 point.
FPI investment and trends in crude oil would also influence the trading sentiment
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Tokyo's Nikkei 225 index rose 0.1 per cent to 26,667.23 and the S&P/ASX 200 in Sydney gained 0.3 per cent, to 7,275.30.