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Even as the market saw some selling by the end of the week market breadth was inclined towards the advancing side, thanks to buoyancy in midcap and smallcap space, a trend that was seen during the entire week. Now, earnings will continue to influence the market mood.

The Dow Jones Industrial Average fell 117.19 points, or 0.32 per cent, at the open to 35,996.43.

The board, in its scheduled meeting to be held on February 2, 2022, will consider a proposal for "alteration in the capital of the Company by sub-division/split of existing equity shares of the Company having face value of Rs. 10/- each, fully paid up."

The largest private lender in the country will be the first banking institution to report its quarterly numbers on Saturday

Shares of Aurobindo Pharma also had a bad day. The stock fell 3 per cent after the US Food and Drugs Administration (USFDA) shot off a letter to the company warning for Unit I, an API manufacturing facility of the company in Hyderabad.

“With the advances now touching about Rs 12.6 lakh crore, the liability side is shaping up well at Rs 14.5 lakh crore.”

In the international market, gold was trading with gains at USD 1,826 per ounce and silver was flat at USD 23.19 per ounce.

According to the draft red herring prospectus, it was aiming to raise Rs 4,500 crore from the market by issuing fresh shares.

Coastal Corporation continued to hit the upper circuit, along with Ruby Mills and GMDC. Paytm found some buyers at the lower levels. Among the losers, Motherson Sumi gained buzz ahead of demerger plans. Tata Teleservices and Sintex hit lower circuits of 5 per cent each.

At the interbank foreign exchange market, the local currency witnessed an intra-day high of 74.05 and a low of 74.21 against the US dollar.