Indian indices were trading lower on Wednesday afternoon dragged by selling in financial stocks with Nifty Bank declining over 2 percent. SBI, GAIL India, Bajaj Finance, IOC and Axis Bank were the top Nifty50 losers while ZEEL, RIL, Cipla, Tata Steel and JSW Steel were the top gainers.
On Friday the Indian indices were trading lower dragged by financials and IT stocks. Index heavyweights HDFC twins, ICICI Bank, Axis Bank, and TCS contributed the most to the losses. Surge in global as well as domestic coronavirus cases also weighed on the sentiment.