Indian shares ended lower on Friday after a volatile day of trade as investor sentiment remains bearish, especially over concerns of liquidity in non-banking financial companies (NBFC).
The benchmark BSE Sensex closed 0.27 percent lower at 36,227.14 and was down 1.67 percent on week, while the broader NSE Nifty ended 0.43 percent lower at 10,930.45, shedding nearly 2 percent for the week, its biggest monthly decline since October 2008.
The Nifty fell 6.42 percent in September while BSE index lost 6.26 percent, their worst monthly performance since February 2016, after concerns over bad debt in NBFCs triggered a broad sell-off.
Midcaps fell sharply in trade with the Nifty Midcap dipping over 2 percent, while the BSE Midcap was down by 1.61 percent.
At close, Axis Bank, Wipro, ITC, HDFC Bank, HDFC were among the top gainers, rising by up to 2.97 percent, while shares of Yes Bank plunged nearly 10 percent, followed by sharp losses in Hindalco, Bharti Airtel, Hero MotoCorp, Tata Steel, Vedanta, which declined by up to 5.84 percent.
Hero MotoCorp ended 5 percent lower while Maruti Suzuki closed 2.7 percent down.