Meanwhile, Asian share prices inched higher on Friday as economic stimulus around the world eased fears over slowing growth. MSCI's broadest index of Asia Pacific shares outside Japan rose by 0.15 per cent while Japan's Nikkei rose by 0.46 per cent.
Tata Steel and JSW Steel were down by 2.4 per cent and 2.2 per cent respectively. Zee Entertainment, Tech Mahindra and HCL Technologies also lost between 1.7 per cent and 2.8 per cent each.
Among stocks, Indiabulls Housing Finance dropped by 4.2 per cent to Rs 437.80 per share. Private lenders Yes Bank and ICICI Bank also slipped by 2.8 per cent and 0.9 per cent respectively. The other prominent losers were HDFC, Britannia, Grasim, Hero MotoCorp and Bharti Infratel.
MSCI's broadest index of Asia-Pacific shares outside Japan was 0.1 per cent higher. Japan's benchmark Nikkei added 0.3 per cent while Shanghai Composite Hong Kong's Hang Seng gained 0.5 per cent each.
The other prominent losers were Bajaj Finserv, Vedanta, Adani Ports and JSW Steel which lost over 2 per cent each. Hindalco, Zee Entertainment, IndusInd Bank and Bajaj Finance too were in the red.
Meanwhile, Asian shares edged lower as Wall Street stocks dropped on signs that the US-China trade war could hurt corporate earnings. Earlier in the week, US President Donald Trump kept up pressure on Beijing with a threat to put tariffs on another 325 billion dollars of Chinese goods.