India's equity indices fall for fourth consecutive week amid weak earnings
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Mumbai: India's equity indices fell nearly 1% on Friday, marking their fourth straight week of losses, as weaker earnings from index heavyweights and subdued sentiment across Asian markets weighed on investor confidence. The NSE Nifty fell 0.9%, or 225.1 points, to finish at 24,837.00. The BSE Sensex moved 0.8%, or 721.08 points, lower to close at 81,463.09. Both indices declined 0.5% and 0.4%, respectively, over the past five trading sessions. "The fall in the markets today was largely due to bearish earnings by heavyweights like Nestle and Bajaj Finance, which indicate a slowdown in the consumer economy," said Pranay Aggarwal, director and CEO, Stoxkart. "There is also investor nervousness around the India-US trade deal." Bajaj Finance fell almost 5%. Agencies Corrective Phase Live Events It emerged as the biggest loser on the benchmark Nifty on Friday. Shriram Finance and IndusInd Bank fell 3.6% and 2.6%, resp...