Sensex down 127 points; Nifty falls 35 points 
The benchmark Sensex on Friday lost 127.71 points to close at 26,635.75 while the broader Nifty fell 33.55 points to settle at 8,170.05 amid weak cues from European markets. The indices trimmed their initial gains ahead of the release of industrial output data for May. BHEL was the biggest gainer while Tata Steel ended as the biggest loser.