 "Five-week winning run of indices ends amid rise in bond yields, oil prices")
The benchmark indices posted their first weekly loss in six weeks because of pullback by foreign funds amid rise in bond yields and oil prices.
The 30-share Sensex on Friday fell for the fourth straight day, led by losses in financial sector heavyweights HDFC, ICICI Bank, and HDFC Bank. It ended the session 360.78 points or 0.61 per cent lower at 58,765.58.
The broader Nifty50 declined 86.10 points or 0.49 per cent to close at 17,532.05. Experts said the markets had become overheated after a 15 per cent surge since August.
According to them, stocks may continue to trade weak before the Q2 results season gets underway. Investors are also keeping an eye on US bond yields, Brent crude prices and the RBI policy action.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%