Sensex snaps 5-day rally, sees marginal weekly gain – Times of India

MUMBAI: The sensex nursed losses on Friday as traders pocketed positive aspects after a five-session successful streak amid a bearish development abroad. A depreciating rupee and overseas fund outflows additional soured threat sentiment, merchants stated. The sensex, which had began the commerce on a agency notice, quickly gave up all of the positive aspects and at last ended 652 factors or 1% decrease at 59,646.

The broader Nifty snapped its eight-day rally to shut at 17,758, down 198 factors or 1.1%. IndusInd Bank was the highest laggard within the sensex pack, dropping 3.8%. “Revenue-booking amid weak international cues impacted home indices as issues about rate of interest hikes hung over the markets,” stated Vinod Nair of Geojit Monetary Providers. “Moreover, the current rally of the greenback index and FIIs turning internet sellers has stunned bulls. Broad-based promoting was witnessed with the index heavyweights dragging the index additional down,” he added. companies

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