** Nifty 50 .NSEI and Sensex .BSESN down 0.3% each
** Caution over foreign fund outflows and thin year-end trading volumes keeping investor appetite in check, per analysts
** 12 of 16 major sectors trade lower; heavyweight financials .NIFTYFIN and IT .NIFTYIT stocks down 0.4% and 0.5%, respectively
** Broader mid-caps .NIFMDCP100 and small-caps .NIFSMCP100 down 0.4% and 0.5%, respectively
** Foreign investors sell shares worth 3.18 billion rupees ($35.4 million) on Friday in third consecutive session of net outflows, per provisional data
** Reliance Industries RELI.NS down 0.6%, top contributor to Nifty's losses; India seeking over $30 billion from co, BP BP.L for underproduction from gas field, Reuters reports
** Timex Group India TIMX.BO slumps 10% after promoter announces OFS
** Solarworld Energy Solutions SOLW.NS soars 10.2% after order win
(Reporting by Vivek Kumar M)
((VivekKumar.M@thomsonreuters.com;))