Indian shares fell for the second straight session on Friday, with rate-sensitive automakers and financials suffering heavy losses. Metal stocks rebounded, helping limit losses in the broader market.
The benchmark 30-share BSE Sensex dropped 182.75 points, or 0.35 percent, to 52,386.19 amid mixed global cues. The broader NSE Nifty index ended down 38.10 points, or 0.24 percent, at 15,689.80.
Axis Bank, Reliance Industries, HDFC Bank, TCS and Bajaj Auto fell 1-2 percent, while Divis Laboratories, Bharti Airtel, Adani Ports, Bajaj FinServ and Tata Steel rallied 2-4 percent.
Kitex Garments soared 20 percent after Chairman of the Kerala-based Kitex group Sabu Jacob said he will hold talks with the Telangana government on investment plans.
Edelweiss Financial Services jumped 10 percent after a regulatory filing showed ace investor Rakesh Jhunjhunwala hiked his stake in the company.
Globally, Asian shares stumbled to two-month lows, while Treasuries halted an eight-day rally fueled by concerns about global growth amid the spread of Covid-19 variants.
Sensex, Nifty Extend Losses For Second Day
2021-07-09 10:51:28
