Slide in HDFC, HDFC Bank erases weekly gains for sensex, Nifty
Indian shares erased weekly gains as declines in Housing Development Finance Corp and HDFC Bank caused weakness in financial stocks. The Nifty 50 closed 1.02% lower at 18,069 and the S&P BSE Sensex lost 1.13% to 61,054. Financials stocks fell 2.34%, the worst single-day drop in over three months.
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