Share market highlights: After opening higher on Friday, Sensex and Nifty pared gains and extended losses in the afternoon trade, logging its biggest intra-day fall in the fiscal year. The Sensex ended 560 points down at 38,337.01 while the Nifty ended below the 11,450-mark. Bajaj Finance, Tech Mahindra, Tata Motors, M&M shares are among the biggest losers shedding up to 5%. RIL shares ended flat ahead of Q1 results scheduled to be reported today. Asian stocks gained and the dollar sagged on Friday after a top Federal Reserve official all but cemented expectations of a US interest rate cut later this month. New York Fed President John Williams said on Thursday that policymakers need to add stimulus early to deal with too-low inflation when interest rates are near zero and cannot wait for economic disaster to unfold, in a speech read as a strong argument in favor of quick action. The comments by Williams made it a virtual certainty the Fed would opt to cut interest rates by 25 basis points (bps) at its July 30-31 policy meeting and also fueled expectations of an even deeper 50 bp reduction, Reuters reported. We bring to you LIVE updates.