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Benchmark indices declined for a fourth straight session on Friday, amid developments in the US-China trade negotiations and firm crude prices. The Sensex ended at 34,848, down 301 points. The broader Nifty index settled at 10,605, down 78 points. Among sectoral indices, the Nifty Bank index fell as much as 0.6 percent, extending its drop into the third session.
ICICI Bank and HDFC Bank declined 2.9 percent and 0.8 percent, respectively. The Nifty PSU Bank index also shed 1.6 percent, its fourth consecutive session of fall, on continued concerns about disappointing quarterly results due to a jump in bad loan provisions.
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