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The S&P BSE Sensex slipped over 100 points in morning trade on Friday, led by losses in HDFC, L&T, Axis Bank, HDFC Bank, and Maruti Suzuki India Ltd. The Nifty50 was trading around its crucial level of 7150, weighed down by losses in metals, realty, power, capital goods, and banking stocks. 

India's stock markets rose more than 1 percent on Thursday to post its second straight day of gains as energy and mining stocks were boosted by a rise in crude oil prices, even as European shares faltered after poor corporate results.Asian stocks also rose across the board as crude oil steadied on hopes that big producers will cap output.