Indian equities declined for a second consecutive session on Friday as investors booked profits amid mixed corporate earnings, a strong U.S. dollar, and weak global sentiment.
Renewed foreign institutional investor selling and caution following Federal Reserve Chair Jerome Powell's hawkish remarks also pressured markets, while optimism over U.S.-China trade developments faded.
At close, the BSE Sensex fell 465.75 points, or 0.6%, to 83,938.71, while the NSE Nifty 50 dropped 155.75 points, or also 0.6%, to 25,722.10.
Eternal (NSE:ETERNAL, BOM:543320), NTPC (NSE:NTPC, BOM:532555), and Cipla (NSE:CIPLA, BOM:500087) were among the top drags on the indices.
Bharat Electronics (NSE:BEL, BOM:500049) led the gainers with shares up nearly 4%, followed by Eicher Motors (NSE:EICHERMOT, BOM:505200) and Shriram Finance (NSE:SHRIRAMFIN, BOM:540149).
In earnings, Bharat Electronics (NSE:BEL, BOM:500049) reported a consolidated attributable profit of 12.9 billion rupees in the fiscal second quarter ended Sept. 30, up from 10.9 billion rupees a year ago.
Maruti Suzuki India (NSE:MARUTI, BOM:532500) posted a higher consolidated attributable profit of 33.5 billion rupees in fiscal Q2, compared with 31.0 billion rupees a year earlier.
In corporate news, Natco Pharma (NSE:NATCOPHARM, BOM:524816) launched Everolimus 1mg tablets, a generic version of Zortress (Novartis), used for organ transplant immunosuppression.
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