Indian shares edge lower as IT, energy stocks drag

November 10, 2018 / in.investing.com / Article Link

* NSE index down 0.2 pct, BSE index 0.1 pct lower

* IT, energy stocks drag; financials top boost

Nov 9 (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 BSE index .BSESN fell 0.22 percent to 35,158.55, while the broader NSE index .NSEI declined 0.12 percent to 10,585.2. For the week, the NSE index gained 0.3 percent and the BSE index added 0.4 percent.

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

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

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

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