Indian bourses belled the day on a dreary note and marched lower as against its last closures.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which started the day at 18,708.62, was trading 43.63 points down at 18,640.8 as against its last closure at 18,684.43 on Thursday.

The 50-scrip S&P CNX Nifty of the National Stock Exchange remained 0.32 percent down to trade at 5,586.35.

Broader markets were also trading weak with the BSE midcap index lower 0.7% and the BSE smallcap index 0.26% down.

On Thursday, the BSE Sensex dropped 285.02 points to end the day at 18,684.43. Nifty index on NSE sdeclined 83.10 points to shut its shop at 5,604.30.

More rejections were seen by CNX midcap index and Nifty Junior, which lost 3.23% and 2.31% respectively.

The broad-based S&P CNX 500 sank 1.65%.

Mr. Amar Ambani, head of research at India Infoline, stated, "Market sentiment was weak for the second straight session after the RBI hiked interest rates by 25 basis points and raised its inflation forecast for FY11. The market wide rollovers stood at 74 per cent (provisionally) versus 86 per cent last month."

Banking and realty scrips saw selling activity. Scrips of DLF declined the most on Nifty and Sensex.

Anjali Shukla, analyst at Religare Securities, said, "Numerous attempts to make a comeback were foiled, as the markets were in perfect grip of the bears. The benchmark Nifty shut shop below the 200 daily moving and touched the four and half months low."