The Indian government plans next week to announce lower than expected borrowing needs for the second half of the fiscal year ending in March.

Indian equity market ended lower on Friday, recovering from sharp losses seen after a panic-selling in the mid-afternoon session in non-banking financial companies, which spooked benchmark indexes. The BSE Sensex ended below 36,900, while the NSE Nifty50 settled above 11,150. Midcaps lost massively in trade today with nearly 2.5 percent dragged by NBFCs and financial and bank stocks. Nifty Bank also ended 2.6 percent lower. The rupee volatility also affected trade sentiments. Index heavyweight stocks Reliance Industries and HDFC twins along with select consumer stocks kept losses in check. Here are the main highlights from the stock markets today.

The latest analysis and commentary by stock market guru Ashwani Gujral on what is moving the markets today. Check out his top stock recommendations.

Nifty Financial Services index fell to 10,451 points from the day's high of 11,187.