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Sensex falls 1 percent; Axis Bank slumps after results

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Reuters
Last Updated : Jan 20 2017 | 4:23 PM IST

(Reuters) - Indian shares fell 1 percent on Friday to post their first weekly fall in four as Axis Bank slumped after it posted disappointing results, dragging down other lenders.

The broader NSE Nifty closed down 1.02 percent at 8,349.35, while the benchmark BSE Sensex ended down 1 percent at 27,034.50.

The NSE index slipped around 0.6 percent for the week, while the BSE dropped 0.7 percent.

Axis Bank ended down 6.83 percent.

(Reporting by Shivam Srivastava in Bengaluru; Editing by Sherry Jacob-Phillips)

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First Published: Jan 20 2017 | 4:02 PM IST

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