Indian shares pause after record highs

File Photo (Reuters) File Photo (Reuters)

Indian shares traded flat on Friday, after hitting record highs earlier in the session, as Yes Bank Ltd slumped on concerns over bad loans, while investors booked profits in recent gainers.

The NSE index and BSE index were set to gain more than 1.9 per cent each for the week, reports Reuters.

Indian Oil Corporation, down 1.5 per cent, and ICICI Bank Ltd, down 3.4 per cent, will report their numbers later in the day.

The broader NSE index was down 0.11 per cent at 10,332.35 as of 0558 GMT, and was headed for its biggest weekly gain in three.

The benchmark BSE index was 0.11 per cent higher at 33,183.65, and was headed for its fourth consecutive weekly gain.

Shares of Yes Bank dropped as much as 9.9 per cent to their lowest since July 5. United Spirits Ltd surged as much as 17 per cent.

United Breweries Ltd, GM Breweries Ltd and Radico Khaitan Ltd gained between six-ten per cent.

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