BENGALURU, March 5 Reuters Declines in banking stocks put Indian shares on course for a second straight session of losses on Friday as rising U.S. Treasury yields spooked equity investors, although a jump in Oil and Natural Gas Corp helped limit the fall.

The bluechip NSE Nifty 50 index fell 0.65 to 14,984.1 by 0349 GMT, while the SP BSE Sensex was down 0.78 at 50,445.95.

Still, both the indexes are set to end the week around 3 higher.

Asian shares slipped to onemonth lows on Friday after Federal Reserve Chair Jerome Powell disappointed investors by not indicating that the Fed might step up purchases of longterm bonds to hold down longerterm interest rates.

In Mumbai, Wipro Ltd fell as much as 1.8 after announcing it would buy British consultancy Capco for 1.45 billion.

ONGC advanced 4 on the back of higher oil prices.

Agrochemical maker Heranba Industries Ltd is set to debut in the Mumbai market following a strong investor response to its 85 million initial public offering last month.

Reporting by Chris Thomas in Bengaluru; Editing by Aditya Soni

Source Reuters