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Sensex and Nifty Edge less dragged down by bank stock losses

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Indian stock indices edged down in trading on Friday, dragged down by losses from heavy stocks like HDFC Bank, ICICI Bank, Reliance Industries, Kotak Mahindra Bank and Larsen & Toubro. The Sensex fell 246 points and the Nifty 50 Index fell near its psychologically important level of 14,800.

At 9:24 a.m., the Sensex lost 207 points to 49,538 and Nifty dropped 60 points to 14,813.

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