The Indian equity indices fell for the third consecutive day on Friday, led down by losses in pharma sectors.

The benchmark BSE Sensex fell 59 points, or 0.10 percent, to 57,833 points, while the broader NSE Nifty fell 28 points, or 0.16 percent, to 17,276 points. Throughout the session, both indices bounced between gains and losses before settling in the red.

Mid- and small-cap stocks ended the day in the red, with the Nifty Midcap 100 index down 0.91 percent and small-cap stocks down 1.06 percent.

The National Stock Exchange's 15 sector indexes all finished in the red. Nifty Pharma, Nifty Auto, and Nifty IT all down 0.87 percent, 0.63 percent, and 0.44 percent, respectively, underperforming the index.

The highest Nifty loss was ONGC, which fell 2.18 percent to Rs. 168. Among the laggards were Divi's Lab, Cipla, UltraTech Cement, and Mahindra and Mahindra (M&M). Coal India, SBI Life, Bajaj Auto, HDFC, and Larsen and Toubro (L&T), on the other hand, were among the gainers.

In the meantime, foreign investors have sold a net USD 6.41 billion in Indian shares this year, compared to a net $5.82 billion in the same period last year.

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