Business Standard

Indian shares drop for second straight week

Image

Reuters

(Reuters) - The BSE Sensex posted its second weekly fall as investors turned cautious ahead of a U.S. payrolls report for April that could influence bets on future U.S. rate hikes.

The benchmark index closed 0.13 percent lower on Friday at 25,228.5, recording a 1.5 percent drop this week. It lost 0.9 percent last week.

The broader NSE Nifty closed down 2.05 points at 7,733.45. The index is down 1.4 percent for the week, after falling 0.6 percent last week.

(Reporting by Aastha Agnihotri in Bengaluru; Editing by Gopakumar Warrier)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 06 2016 | 4:07 PM IST

Explore News