Sensex, Nifty End Lower But Manage To Eke Out Weekly Gains
An electronic chart shows the performance of the Ibex 35 index during the last twelve months. (Photographer: Antonio Heredia/Bloomberg)

Sensex, Nifty End Lower But Manage To Eke Out Weekly Gains

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Three-Day Winning Streak Ends

Indian equities snapped a three-day winning streak after falling off the day's high amidst rising bond yields.

The S&P BSE Sensex ended 1% lower at 50,792. The index fell over 1,000 points from the day's high. The NSE Nifty 50 index too fell 1% to end at 15,030. The 50-stock gauge fell over 300 points from the highest point of the day.

Despite today's decline, the Sensex and Nifty managed to eke out weekly gains of 0.7% each.

All sectoral indices ended lower in today's session. The Nifty Bank index declined 1,000 points from the day's high to end 1.2% lower at 35,496. The PSU Bank index too ended 1.7% lower in today's session.

Another index that declined a similar quantum was the Nifty Auto index, which ended 1.7% lower. The Nifty Pharma and Nifty FMCG indices fell 1% each while the Media and Metal indices declined 0.9% each.

Broader markets had a mixed day. The Nifty Midcap index fell 0.4% while the Smallcap index ended the day with gains of 0.5% each.

The India Volatility Index ended 4.6% higher at 21.7.

1,126 stocks on the NSE ended the day with losses while the 780 stocks posted gains.

How Did The Markets Fare This Week

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