Wires

MARKET EYE-Indian shares extend falls; Infosys, financials hit

Share

* The BSE index

falls 0.66 percent while the 50-shareNSE indexis down 0.56 percent heading to their firstweekly fall after five weeks of straight gains.* Shares in Infosys Ltd

drops 5.5 percent afterdisappointing investors with weaker-than-expected margins andtook a conservative view on its full-year earnings.

* Fears of high inflation data due on Monday is also leading totrimming of positions in financials ahead of the weekend.

* ICICI Bank

falls 1.3 percent, while HousingDevelopment Finance Corporationis down 1 percent.* However, HDFC Bank

, gains 1 percent after meetingforecasts with a 30 percent year-on-year rise in second quarterprofit.

(abhishek.vishnoi@thomsonreuters.com)