Sensex, Nifty snap eight-day winning streak ahead of US jobs data

Both shed 0.6% but end in green for second straight week; Broader markets play catch-up

Indian equity benchmarks snapped their eight-day gains amid weak global cues ahead of the release of US jobs data. Investors also took some profits after the benchmark indices climbed to record levels, raising concerns over valuations.

The benchmark Sensex ended the session at 62,868, with a decline of 415 points, or 0.6 per cent. The Nifty closed at 18,696, falling 116 points, or 0.6 per cent. Both indices gained for the second straight week. The latest fall narrowed the weekly gain to less than a per cent. The broader markets outperformed during the week, with the Nifty Midcap index gaining