Sensex, Nifty edge lower as IT, energy stocks drag

Image
Reuters
Last Updated : Nov 09 2018 | 4:15 PM IST

(Reuters) - Indian shares closed slightly lower on Friday, dragged by top IT and energy stocks, while gains in the financial and consumer counters arrested the downside.

The benchmark Sensex fell 0.22 percent to 35,158.55, while the broader Nifty declined 0.12 percent to 10,585.2. For the week, the Nifty gained 0.3 percent and the Sensex added 0.4 percent.

Software services exporter Infosys Ltd was the biggest drag on the NSE index with a drop of 2.4 percent. Larger rival Tata Consultancy Services Ltd fell 1.7 percent.

Oil-to-retail conglomerate Reliance Industries Ltd dropped 1.6 percent.

Private-sector lender Yes Bank Ltd rose 5.5 percent to its best close since mid-October, and was the biggest boost.

(Reporting by Chris Thomas in Bengaluru; Editing by Subhranshu Sahu)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Nov 09 2018 | 4:03 PM IST

Next Story