Indian shares slipped on Friday at the end of a turbulent week as investors weighed swings in crude oil prices and fast-paced events in the Ukraine crisis.

The 30-share pack Sensex declined 233.48 points or 0.41 per cent to close at 57,362.20. Its broader peer NSE Nifty fell 69.75 points or 0.40 per cent to 17,153. Both indices closed in the end for the third straight day.

Both indices are on track for weekly losses of about 0.6 per cent, set to snap two straight weeks of gains. Reflective of the volatility, the indices flitted between gains of 1 per cent and losses of 1.6 per cent for the week.

Russia's invasion of Ukraine, which has entered its second month, has fuelled a surge in commodity and crude prices, weighing on domestic sentiment and adding to fears of higher inflation.

The country imports more than 80 per cent of its oil needs, and state-run fuel retailers have hiked petrol and diesel pump prices three times this week.

"One day there is some hope of resolution, so crude comes down, metal prices come down, next day again there is some issue and they go up again" said Siddhartha Khemka, head of retail research at Motilal Oswal Financial Services.

"If you look at Indian markets, for the last five days we have been stuck in a range," Khemka added.

Consumer, information technology and pharmaceutical stocks declined on Friday.

The Nifty FMCG Index was down 0.90 per cent, with Tata Consumer Products among the top Nifty 50 percentage losers.

The Nifty IT index and the Nifty Pharma Index fell 0.2 per cent and 0.3 per cent, respectively, after ending more than 1 per cent higher in the previous session.

Among other individual share moves, InterGlobe Aviation (INGL.NS), the parent of top airline IndiGo, gained 3.9 per cent after J.P. Morgan upgraded its rating on the stock.

(Reuters)

Indian Shares Fall At The End Of Bumpy Week