Indian equity indices closed in the red for the second straight day after a sea-saw session on Thursday as some investors booked profits on gains following stronger-than-expected domestic growth data, and receding bets of a US rate hike.

Dear Trader… Amid mixed cues from US and Asian markets, the 30-share BSE benchmark Sensex ended 194 points lower to settle at 62,428, dragged by banking and financial stocks. The broader NSE Nifty dropped 46 points to end at 18,570. From the Sensex pack, Bharti Airtel, and Kotak Mahindra Bank