Indian shares fell on Friday after the benchmark Sensex climbed to a record high the previous session, as investors booked profits in recent outperformers such as State Bank of India and Maruti Suzuki.
The S&P BSE Sensex declined 0.5 percent at 31,138 but was up 0.5 percent for the week while the broader NSE Nifty shed 0.57 percent at 9,574. The index was up marginally on week. Markets will be closed on Monday for a public holiday.
The Nifty PSU Bank index dropped 2 percent. Shares of state-owned lender SBI fell 2.1 percent after gaining in the last five sessions. The Nifty Auto index shed 1.7 per cent, with automaker Maruti Suzuki declining 1 per cent.
Fortis Healthcare slumped nearly 13 percent after the company said Malaysia's Integrated Healthcare Holdings has abandoned its pursuit of Fortis Healthcare and SRL Diagnostics. Among the gainers, Shriram EPC jumped 12 percent after the engineering company got orders worth Rs 165 crore. Market breadth was in the favour of losers, with about 3 stocks falling to every 1 stock that advanced.