BUZZ-Indian shares set for weekly losses as mixed earnings, foreign outflows weigh
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Indian shares are poised for weekly losses, with the Nifty 50 and Sensex both down 0.3% on Friday. The benchmarks have dropped 1.9% this week due to foreign fund outflows and mixed earnings results. Mid- and small-cap stocks fell 3.5% and 4.8%, respectively. Major sectors, except metals, are trading lower, with financials and IT down 1.9% and 1.8%. Reliance Industries fell 4.7% after missing profit expectations, while FPIs offloaded $3.5 billion in shares. IndiGo's Q3 profit dropped 3% due to flight cancellations, and HG Infra Engineering slumped 17% amid investigations.
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