(Reuters) - Indian shares ended over 1 percent lower on Friday, hammered by auto stocks such as Tata Motors Ltd after the automaker stunned markets by posting the biggest-ever quarterly loss in Indian corporate history.
The broader NSE Nifty closed 1.14 percent lower at 10,943.60, while the benchmark BSE Sensex was down 1.15 percent at 36,546.48.
For the week, NSE Nifty added 0.5 percent, while the BSE Sensex gained 0.2 percent.
Biggest drag on both the indexes were Tata Motors' shares, ending 17.6 percent lower, their lowest closing level since Oct. 5, 2011. It posted a loss of about $3.8 billion for the three months ended Dec. 31, mostly due to a massive impairment at its British luxury car making unit Jaguar Land Rover.
(Reporting by Krishna V Kurup in Bengaluru; Editing by Rashmi Aich)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
