(Reuters) - Indian shares erased early gains and closed slightly lower on Friday, dragged down by steel companies such as Tata Steel Ltd as investors kept to the sidelines due to a lack of clarity on the U.S. tariff on steel and aluminium imports.
Both indexes shed 2.2 percent this week, in their second straight weekly fall.
State-run banks were among the biggest laggards with Union Bank of India Ltd closing 2.9 percent lower after Reuters reported that the bank has $45 million direct exposure to firms owned by jeweller Nirav Modi, and Gitanjali group of companies.
(Reporting by Arnab Paul in Bengaluru; Editing by Subhranshu Sahu)
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