Indian shares ended lower on Friday, as investor risk appetite took a hit after a stronger dollar weighed on crude oil prices overnight and in Asian trading earlier in the day, with energy stocks dragging down both the indexes. The broader NSE index ended 0.07 percent lower at 8,693.05, but rose 1.28 percent for the week. The benchmark BSE index closed down 0.19 percent at 28,077.18, but ended up 1.46 percent for the week.
Both the indexes posted their biggest weekly gain since the week ended September 2. The S&P BSE Energy Index closed down 0.82 percent. Reliance Industries Ltd ended 2.15 percent lower. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.3 percent.
At home, investors continue to track quarterly results, with Wipro Ltd, India's third-largest software services exporter, slated to announce its results later in the day.
"A mix of global cues with earnings unfolding is what is driving markets. Volatility will be there going forward with earnings being the main trigger on the domestic front," said Rajnath Yadav, research analyst, Choice Equity Broking Pvt Ltd. "On the global front, the US presidential elections and the Brexit phenomenon will be keenly tracked." Financial stocks shed Thursday's gains, contributing to most of the losses on both indexes. Almost all constituents on the Nifty Bank Index, which fell as much as 0.72 percent, were trading in the red. Axis Bank Ltd fell 2.9 percent while State Bank of India dropped 1.53 percent. Among the gainers, HCL Technologies Ltd rose as much as 4.06 percent to its highest since August 3, after it posted quarterly results earlier in the day.
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