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Sensex, Nifty extend losses; Gruh Finance, ZEEL shares plunge 6%, Yes Bank recovers

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Indian shares extended losses in the afternoon session on Friday, tracking weak Asian peers, as investors grew worried over higher crude prices following geopolitical developments in the Gulf of Oman.

Sensex, Nifty extend losses; Gruh Finance, ZEEL shares plunge 6%, Yes Bank recovers
Indian shares extended losses in the afternoon session on Friday, tracking weak Asian peers, as investors grew worried over higher crude prices following geopolitical developments in the Gulf of Oman.
At 1.14 pm, the Sensex traded lower by 188 points, or 0.47 percent, at 39,552. The Nifty dipped almost 63 points, or 0.53 percent, to trade at 11,851.
Broader markets also fell with the BSE MidCap down by almost half a percent and the Nifty MidCap down by 0.41 percent. Sectors such as media, realty, pharma and telecom fell the most.
The Nifty PSU Bank index recovered to lead the 12 advancing sectors, which also included metal and capital goods counters.
Among the top index losers, Zee Entertainment, IndusInd Bank, Bharti Airtel, Kotak Mahindra, Bajaj Auto and Sun Pharma dipped between 1 and 6 percent while Bharti Infratel, GAIL, L&T, Vedanta, ONGC, Yes Bank and Tata Steel rose by up to 1.5 percent.
Shares of Gruh Finance
fell nearly 6 percent on Friday following multiple block deals on stock exchanges.
RITES shares rallied over 6 percent to Rs 295 on Friday after the company said its board will meet on June 24 to consider bonus issue proposal.
On the economic data front, India's wholesale inflation, as measured by the Wholesale Price Index (WPI), slipped to 2.45 percent in May, as against 3.07 percent in April, the lowest level since July 2017, data published by the Ministry of Commerce and Industry showed on Friday.
May WPI was expected to slide to 3.06 percent from 3.07 percent in March, as per a CNBC-TV18's poll.
Foreign institutional investors bought equity worth Rs 172.35 crore, while domestic institutional investors sold shares to the tune of Rs 444.87 crore, provisional data available with stock exchanges showed on Thursday.
In Asia, the Shanghai Composite Index, Hang Seng, and Kospi traded on a negative note while Japan's Nikkei edged higher.
Bourses on Wall Street too ended in the green on Thursday.
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