October 26, 2018 / 6:52 AM / 9 months ago

Nifty, Sensex slide, end week nearly 3 percent lower

A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, February 26, 2016. REUTERS/Shailesh Andrade/Files

(Reuters) - Indian shares closed at a seven-month low on Friday, dragged by IT and banking stocks, in line with a worldwide sell-off amid worries over global trade and economic growth.

The broader NSE Nifty ended 0.94 percent lower at 10,030, while the benchmark BSE Sensex closed down 1.01 percent at 33,349.31.

Both the bourses posted their seventh weekly loss in eight. The NSE index finished the week 2.7 percent lower, while the BSE index was down 2.8 percent on the week.

IT giants Infosys Ltd and Tata Consultancy Services closed down 2.3 percent and 2.9 percent, respectively. Yes Bank Ltd ended 8.9 percent weaker, and posted its worst close since April 2016.

Reporting by Chris Thomas in Bengaluru, Editing by Sherry Jacob-Phillips

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