BENGALURU, Aug 20 (Reuters) - Indian shares slipped on
Friday, dragged by financial stocks and heavyweight Tata Steel,
with sentiment dented by Asian shares that fell on a stronger
dollar and worries about an early tapering of stimulus by the
U.S. Federal Reserve.
By 0349 GMT, the blue-chip NSE Nifty 50 index was
down 0.71% at 16,451.50, while the benchmark S&P BSE Sensex
fell 0.59% to 55,301.20.
Shares of Tata Steel fell 3.96% in early trade.
The steel major had rallied roughly 4% at the start of this
week, extending gains it had seen after posting a strong set of
Banking stocks dropped about 1.02%, dragged by
shares of HDFC Bank, State Bank of India, and
IndusInd Bank, among others.
Auto-maker Eicher Motors fell as much as 2.6%
after media reports that shareholders voted down the
reappointment of its managing director Siddhartha Lal.
CarTrade Tech, an online classifieds platform for used cars,
will make its market debut on Friday.
Among broader markets, Asian shares extended losses on
Friday from the 2021 low set a day earlier, while the dollar
held onto its recent gains sitting at a nine-month high.
(Reporting by Vishwadha Chander in Bengaluru; editing by