Indian shares slide, end week nearly 3 pct lower

October 27, 2018 / in.investing.com / Article Link

* NSE, BSE indexes finish at 7-month low

* Indexes end week in red

* Banks, IT drag

Oct 26 (Reuters) - Indian shares closed at a seven-month low on Friday, dragged by IT and banking stocks, in line with a worldwide sell-off amid worries over global trade and economic growth.

The broader NSE index .NSEI ended 0.94 percent lower at 10,030, while the benchmark BSE index .BSESN closed down 1.01 percent at 33,349.31.

Both the bourses posted their seventh weekly loss in eight. The NSE index finished the week 2.7 percent lower, while the BSE index was down 2.8 percent on the week.

IT giants Infosys Ltd INFY.NS and Tata Consultancy Services TCS.NS closed down 2.3 percent and 2.9 percent, respectively. Yes Bank Ltd YESB.NS ended 8.9 percent weaker, and posted its worst close since April 2016. midday report, click

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