Nifty, Sensex end lower; IT stocks slump

File photo of Bombay Stock Exchange (BSE) building in Mumbai. Photograph:( Reuters )

Reuters Bengaluru, Karnataka Nov 22, 2019, 04.19 PM (IST)

Indian shares ended lower on Friday, dragged by losses in information technology stocks, as global investors were cautious about mixed signals surrounding the US-China trade deal.

The Nifty ended 0.45 per cent lower at 11,914.40, while the Sensex was down 0.53 per cent at 40,395.41. For the week, the Nifty and Sensex edged up 0.16 per cent and 0.01 per cent, respectively.

China said it was willing to work with the United States to resolve core trade concerns, but the US bills backing protesters in Hong Kong, which President Donald Trump is expected to sign, seemed to undermine planned trade talks between the world's two largest economies.

In the domestic market, the Nifty IT index ended 1.95 per cent lower, led by losses among heavyweights such as Infosys and Tata Consultancy Services, down 2.85 per cent and 2.41 per cent respectively.

Tata Steel was the top gainer and rose 3.87 per cent.

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The Nifty ended 0.45 per cent lower at 11,914.40, while the Sensex was down 0.53 per cent at 40,395.41.