Indian shares ended down over 1 percent on Friday, resulting in a weekly loss, dragged by financials after the country raised the limit of bonds that can be issued under the market stabilisation scheme, while the sentiment was also subdued ahead of US payrolls expected later in the day. The BSE index fell 1.24 percent to 26,230.66, ending 0.33 percent lower for the week.
The broader NSE index fell 1.3 percent to 8,086.80 and fell 0.34 percent for the week. Sentiment was also muted ahead of the release of the US monthly jobs data, a referendum in Italy over its constitution, and the Reserve Bank of India's policy review next week.
"Primary reason is non-farm (payrolls) data which is causing some concern apart from the Italian referendum on Sunday," said Dipen Shah, senior vice president, private client group research, Kotak Securities.
Auto makers fell after they reported monthly domestic sales in November plunged from a month earlier as an intense cash crunch brought a recent recovery in consumer demand to a screeching halt. Mahindra & Mahindra fell 1.05 percent, TVS Motor dropped 2.05 percent, and Bajaj Auto declined 0.55 percent. Telecom companies continued to languish after Reliance Industries on Thursday extended an offer of free data and voice services by its telecoms unit, Jio, raising concerns about the cut-throat competition in the sector. Idea Cellular declined as much as 2.40 percent.