Here are the key highlights from today's trading session:

1. Market ends lower with Nifty Bank underperforming Sensex and Nifty

2. Banks slip after RBI announces an extension of 3 months for moratorium

3. Sensex slips 260 points to 30,673 and Nifty 67 points to 9,039

4. Nifty Bank closes 456 points lower at 17,129 and midcap 95 points lower at 12,668

5. All top 5 Nifty losers are financials, Axis Bank, HDFC, Bajaj twins and ICICI Bank slip up to 5 percent​

6. HDFC twins and ICICI drag Nifty by 72 points; Infosys supports with 18 points

7. Infosys gains 3% after US Court dismisses class action lawsuit filed in 2019

8. Zee Entertainment, M&M, Cipla and Shree Cement top Nifty gainers

9. Equitas, M&M Financial, Shriram Transport, Indiabulls Housing, AU Small Bank amongst top F&O losers

10. Market Breadth favours declines; advance-decline ration at 2:3

Weekly Highlights:

1. Market ends lower for 3rd straight week

2. Nifty slips 1%, Sensex 1.4% and Nifty Bank 8% this week

3. Midcap index down 2.5% this week, Nifty PSU Bank slips 8%

4. IndusInd Bank, Axis Bank, ICICI Bank and SBI top Nifty losers this week

5. 9 of top losers this week are financials

ITC, Cipla, M&M, Bharti Airtel and TCS top Nifty gainers this week

Closing Bell: Market ends in red for the third straight week, financials drag; Axis Bank top Nifty50 loser

Indian equity indices ended with losses for the third straight week on Friday dragged by the financials. HDFC, ICICI Bank, Axis Bank and the Bajaj twins single handedly brought the index down. The Street remained unsatisfied by the RBI despite slashing the repo rate by 40 bps to 4%. Growing US-China tensions also remained a drag for the Indian market today. Zee Entertainment, M&M, Cipla, Shree Cements and Infosys were the Nifty50 top gainers while Axis Bank, HDFC, Bajaj Finserv, Bajaj Finance and Hindalco remained the top losers. 

Just In: HDFC Bank cuts base rate by 55 bps to 8.10%. The stock has slipped as much as 3 percent to Rs 833.05 per share on the NSE.

Banks, financial stocks under pressure as RBI extends moratorium on loan repayment

Shares of banks and financial stocks were under pressure on Friday after the Reserve Bank of India (RBI) extended the moratorium period by another three months till August 31, 2020.

Nifty Financial Services, Nifty Bank, and Nifty Private Bank indices shed over 3 percent in intra-day deals today as compared to a 1.2 percent decline in the benchmark Nifty 50 index.

RBI Governor Shaktikanta Das came out today for the third time with a set of measures to alleviate distress in the economy caused due to the COVID-19 pandemic. Click here to read more

Rupee Update: The Indian currency ended with losses on Friday due to the weak cues from the Indian equity market. The rupee ended at 75.96 against the US dollar as compared to Thursday's close of 75.61. With today's decline, the rupee posted its third successive weekly fall. 

Bosch's share price gains over a percent post Q4 earnings

The tyre maker reported consolidated net profit stood at Rs 81 crore in Q4FY20 against Rs 412 crore in Q4FY19 due to one-time loss of Rs 297 crore.

Consolidated revenue declined 18 percent YoY to Rs 2,237 crore against Rs 2,730 crore YoY. Consolidated EBITDA came at Rs 341.4 crore against Rs 520.3 crore YoY, while EBITDA margin was at 15.3 percent against 19.1 percent YoY.   

The one-time loss on provision is towards the restructuring and asset impairment, the company said.   

The company has also announced a dividend of Rs 105.

At 2:49 pm, the shares traded 1.53 percent to Rs 9,489 per share on the NSE.