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Sensex posts third weekly loss

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Reuters MUMBAI
Last Updated : Nov 22 2013 | 4:01 PM IST

MUMBAI (Reuters) - The BSE Sensex closed flat on Friday giving up earlier gains to mark its third consecutive week of losses, as concerns grow after data showed foreign investors have started cutting positions.

Foreign institutional investors (FIIs) sold shares worth 598 million rupees on Thursday to snap a 32-day buying streak totalling 238.84 billion rupees, exchange and regulatory data show.

Traders expect volatility to continue on caution ahead expiry of the November derivative contracts next Thursday.

The Sensex provisionally closed 0.18 percent higher while the Nifty closed up 0.20 percent.

(Reporting by Himank Sharma; Editing by Sunil Nair)

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First Published: Nov 22 2013 | 3:48 PM IST

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