Sensex, Nifty snap winning streak as banks fall

The NSE Nifty 50 index was down 0.08% at 14,863.50, while the S&P BSE Sensex was 0.16% lower at 49,666.27. The two biggest drags on the Nifty 50 were HDFC Bank and ICICI Bank.

Indian shares ceded ground on Friday after three sessions of gains, pressured by a fall in private-sector lenders, while shares of consumer goods producers gained amid restrictions in some states after a resurgence in coronavirus cases. The NSE Nifty 50 index was down 0.08% at 14,863.50, while the S&P BSE Sensex was 0.16% lower at 49,666.27. The two biggest drags on the Nifty 50 were HDFC Bank and ICICI Bank. India has been reporting record daily increases in COVID-19 cases, prompting some states to declare stringent restrictions.