The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) fell into the negative terrain during noon trade Friday owing to selling of heavyweights Reliance Industries Ltd and the State Bank of India.

The Sensex, which belled the day at 17,267.25, stood at 17,153.42, down 112.45 points as against its last closure at 17,265.87.

At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was trading down 0.71% at 5,141.9 from its previous close.

The RIL scrip shed 1.73% to trade at Rs 1,053.30, while the SBI stock was down by 2.19% at Rs 2,264.50.

The stock markets reacted in a negative way to the SBI scrip after the country largest banking institution announced poor net profits for the three mo nth period ended March 2010.

SBI announced a net profit of Rs 1,867 crore, which is below the Rs 2,700-2,800 crore expected by analysts.

Broader market indices also remained negative, with the BSE midcap index down 0.51%and the BSE small cap index trading 0.5% lower. (With Inputs from Agencies)