Indian shares extended losses for a sixth day running on Friday, with IT stocks and financials leading losses on growing worries about a recession.
The S&P BSE Sensex dropped 76 points, or 0.2 percent, to 51,419, a day after plunging to the lowest in over a year. The broader NSE Nifty index was down 37 points, or 0.2 percent, at 15,323.
Dr Reddy’s Laboratories slumped 4 percent. LIC said it has raised its shareholding in the pharmaceutical major to 5.65 percent.
TCS, Asian Paints, Titan Company and Wipro all fell over 2 percent.
Bajaj Finance, ITC, Reliance Industries, Tata Steel and Bajaj FinServ were up 1-2 percent.
HDFC Bank rose half a percent after hiking its fixed deposit rates.
HDFC edged down slightly after it acquired an 8.42 percent stake in Ansal Housing by invoking 50 lakh pledged shares.
Sensex, Nifty Extend Losses In Cautious Trade
2022-06-17 04:40:18
