Indian equity indices closed in the red for the third straight session on Friday, dragged by FMCG stocks after mixed earnings from top companies. US Federal Reserve Chair Jerome Powell’s comments fanning worries over higher-for-longer interest rates also weighed on investor sentiments.

Dear Trader – The 30-share BSE benchmark Sensex fell 232 points or 0.35% to settle at 65,397. The broader NSE Nifty dropped 96 points or 0.49% to end at 19,523. From the Sensex pack, ITC, Tata Steel, and HUL were the top laggards, falling over 2% each. SBI, JSW Steel,