Indian shares post biggest weekly loss since Sept; Adani Ports, Bharti Airtel fall

Investors were also concerned about the India's fiscal deficit after inline economic data.

Indian stocks fell on Friday, dragged lower by Bharti Airtel after UIDAI has ordered a probe against the telecoms operator for violating Aadhaar Act.

Investors were also concerned about the country's fiscal deficit after inline economic data.

India's GDP growth quickened to 6.3 percent in the September quarter, up from a three-year low of 5.7 percent in the June quarter, but largely in line with market expectations.

The data failed to lift sentiment after India's fiscal deficit reached 96 percent of the budgeted target for the year ending in March 2018.

Mirroring the worries, the S&P BSE Sensex fell 0.95 percent at 32,832 while the broader NSE Nifty shed 1.02 percent to 10,121. Both indexes were down around 1.7 percent for the week, their biggest weekly loss since late September.

Among the top Sensex losers, Bharti Airtel fell 2.2 percent, Adani Ports dropped 4 percent, Bajaj Auto fell 2.6 percent while State Bank of India declined 2.3 percent.

The S&P BSE Metal Index fell about 2 percent and was among the top sectoral decliners.

Bharti Airtel dropped after the Unique Identification Authority of India (UIDAI) ordered a probe against Airtel for violating Aadhaar Act and has also threatened to fine the telecom service provider.

But Biocon gained 3.2 percent after the company said the European Medicines Agency accepted Mylan's MAA review for its cancer treatment.

Market breadth was in the favour of gainers, with about 2 stocks advancing to every 1 stock that declined.

In Asia, shares edged higher, tracking gains in Asian shares as U.S. stocks marked gains overnight after apparent progress on U.S. tax legislation.

Chances of passage of a Senate tax bill rose with the endorsement of Senator John McCain, as that branch of Congress moved toward a decisive vote. The House approved its own tax bill on Nov. 16.