Equity benchmarks started off last day of the week on a negative note, with the Nifty falling below 9350 level on profit booking after a rally in previous session on account of RBI's approval for amendments to Banking Regulation Act.
The 30-share BSE Sensex was down 73.03 points at 30,053.18 and the 50-share NSE Nifty fell 23.20 points to 9,336.70.
Bank stocks continued their run up after President gave a nod to ordinance dealing with NPAs, amendment to Banking Regulation Act.
Reliance Industries, Asian Paints, Lupin, Coal India and Dr Reddy's Labs were early gainers.
The rupee opened 6 paise weaker against the dollar at 64.22 as nationalised banks bought the greenback heavily in early trade.