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Sensex, Nifty Extend Losses In Cautious Trade
(RTTNews) - 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.
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