Indian trading closed in negative territory on Friday, September 7, amid declining lenders and carmakers, snuffing out the rally seen earlier.The Nifty 50 fell 0.96% to 8,866.70, while the BSE Sensex 30 was down 0.85% to 28,797.25.The outperformers included Oil&Gas Corp (+3.51%), GAIL (+1.61%), and Wipro (+1.41%).On the downside, Hindalco (-4.38%), UltraTech (-3.93%), and Axis Bank (-2.58%) topped the decliners.As noted above, lenders underperformed the broader market, with Yes Bank marking the lowest close in a month.Carmakers were also out of luck. Thus, Tata Motors saw the steepest 2-week drop, while Hero MotoCorp and Bajaj Auto Paper retreated from record highs.On the currency market, the USD/INR pair rose 0.16% to 66.741, while EUR/INR advanced 0.23% to 75.2060.Meanwhile, India’s VIX, a volatility index based on the Nifty 50 index option prices, contracted 1.47% to 12.7500, reaching a new 52-week low.From a technical standpoint, the BSE Sensex 30 is consolidating at 29,045 on the daily chart below. Meanwhile, stochastic lines are in overbought territory and a star pattern has shaped up near the top of the candle chart, so corrective movement cannot be ruled out.