Mumbai - The benchmark Sensex on Friday ended 105 points lower at 28,458.10 and logged its first weekly drop in seven weeks on late profit-booking in IT and pharma shares.

The BSE Sensex appears to be consolidating between 28,000 and 29,000 levels before making any fresh move, brokers said.

ITC, M&M and Sesa Sterlite were among the few gainers in 30-share Sensex. The barometer fell on losses led by TCS, Infosys, Wipro, Sun Pharma, Dr Reddy's and Cipla shares.

Second-line stocks, which have been in the limelight recently, also were hit by profit-booking by retail investors, brokers added.

The BSE 30-share barometer resumed better and improved further to a high of 28,651.75 only to fell back after mid-session. It finally settled at 28,458.10, a fall of 104.72 points or 0.37 percent.

Yesterday, Sensex gained 120.11 points or 0.42 percent.

On a weekly basis, the Sensex has fallen by about 236 points. This is its first weekly drop in seven weeks.

"In absence of any major cues, equity markets traded dull for most part of the session on Friday but profit taking in the last hour pushed indices in red," said Jayant Manglik, President-retail distribution, Religare Securities.

The broad-based 50-issue CNX Nifty of the NSE also dipped by 26.10 points, or 0.30 percent, to end at 8,538.30.

Meanwhile, manufacturing and services sectors in India expanded at a faster pace than China in November, even as emerging market output slipped for the second consecutive month to a six-month low, a HSBC survey said today.

Foreign Portfolio Investors (FPIs) picked up shares worth Rs 474 crore yesterday as per provisional data.

Chinese stocks led gains in Asia after reports said that China's banking sector regulator has issued draft rules for banks that are aimed at reducing funding costs.

Key benchmark indices in China, Hong Kong, Japan and Singapore firmed up by 0.19 percent to 1.32 percent while Taiwan's weighted index eased by 0.20 percent.

European stocks were trading higher after the latest data showed German industrial orders surpassed expectations significantly in October, pointing toward accelerating growth in Europe's largest economy.

Key indices in France, Germany and UK firmed up by 0.71 percent to 1.36 percent.

Turning to the local market, 22 scrips out of the 30- share Sensex pack declined, nine firmed up while Tata power ruled steady.

Among the S&P BSE sectoral indices, IT fell by 1.83 percent, Teck 1.47 percent and Healthcare 1.40 percent while Realty firmed up by 1.26 percent and FMCG 1.13 percent.

Overall market breadth turned negative as 1,578 counters finished in the red while 1,385 ended in green while 95 held ruled steady. Total turnover fell to Rs 3,623.11 crore from Rs 4,019.23 crore yesterday. (PTI)