Indian equity benchmark declined on Friday and erased weekly gains amid weakness in financials stocks due to declines in Housing Development Finance Corp and HDFC Bank, and persistent fears over the U.S. banking sector.

Dear Trader… Nifty future opened lower and saw some profit booking amid volatility. The index closed with a loss of 164 points at 18129 levels. HDFC twins were major losers today, dragging benchmark and Banking indices down. The majority of the sectors ended in red. Despite weak global markets, Indian