Indian equity benchmarks ended lower on Friday on losses in banks and Reliance Industries, taking the shine off a week in which the government’s high-spending budget powered the blue-chip indexes to their first weekly gain in three.

Dear Trader… Indian equity benchmarks ended a choppy session marginally lower on Friday, extending losses to a second straight day. The benchmark indices started on a muted note and remained volatile throughout the day with a bearish ton. Traders were cautious amid a private report stating that the Finance Ministry’s