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Sensex flat; Nifty headed for first weekly loss in five


By Vishal SridharREUTERS - The NSE Nifty swung between gains and losses on Friday and was headed for its first weekly loss in six, as a fall in information technology and pharmaceutical shares on worries over their earnings outlook offset a bounceback in bank stocks. The index was trading 0.11 percent higher as of 0656 GMT, but was down 0.8 percent for the week. It ended each of the previous five weeks higher, its longest gaining streak since late 2014. The market has seen consolidation after setting a series of record highs, but analysts maintain that the outlook remains positive given ...

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First Published: Fri, June 16 2017. 13:28 IST