Sensex, Nifty post fourth straight weekly losses; banks decline | Reuters - Firstpost

Sensex, Nifty post fourth straight weekly losses; banks decline | Reuters


Indian shares ended lower on Friday, after fluctuating earlier in the session, as overall sentiment remained dented after U.S. Federal Reserve Chair Janet Yellen signalled an interest rate hike was imminent, while investors back home were worried about the government's move to remove high-value notes.Financials and consumer staples led the declines, with ICICI Bank closing down 1.1 percent, State Bank of India dipped 0.6 percent, while cigarette maker ITC dropped 1.58 percent and Colgate-Palmolive India declined 1 percent.

The Nifty closed down 0.07 percent at 8,074.10, while the Sensex ended down 0.30 percent at 26,150.24. Both the indexes posted their fourth straight weekly losses.

(Reporting by Samantha Kareen Nair in Bengaluru; Editing by Sherry Jacob-Phillips)

This story has not been edited by Firstpost staff and is generated by auto-feed.

First Published On : Nov 18, 2016 10:43 IST

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