Indian benchmark slipped on Friday, led by banks and financial stocks after RBI announcements failed to cheer investor sentiments.
The BSE Sensex closed 260-pts lower at 30,672, while the NSE Nifty50 fell 67-pt to close at 9,039-level.
Financial stocks dimmed with Nifty Financial Services down 3.06-pc and the Nifty bank index down by 2.57-pc on closing, after RBI extended the moratorium period by another 3 months till August 31, 2020.
For the week, Nifty lost 1-pc and the Sensex dropped 1.4 percent, each, while Nifty Bank shed 8-pc. This is the third successive week of declines for the benchmarks. Track latest market updates Best stock tips and Best stocks to invest in from here.
Axis Bank, HDFC, Bajaj Finserv, Bajaj Finance, and Hindalco were the top losers, whereas, Zee entertainment, M&M, Cipla, Shree Cement, and Infosys were the top gainers.