Nifty posts biggest weekly loss since July

Image
Reuters MUMBAI
Last Updated : Dec 12 2014 | 4:05 PM IST

MUMBAI (Reuters) - The Nifty fell for a fifth session in six on Friday to post its worst weekly loss since July as oil explorers continued to slump after Brent crude prices slipped to below $63 a barrel.

The broader Nifty closed down 0.8 percent. For the week it lost 3.7 percent for its worst weekly performance since mid-July.

The benchmark BSE Sensex provisionally ended 0.9 percent lower.

Shares of Gail (India) fell 4.5 percent, while Oil and Natural Gas Corp and Reliance Industries Ltd slipped 3.28 percent and 2.54 percent, respectively.

(Reporting by Dipika Lalwani and Himank Sharma; Editing by Anand Basu)

*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

More From This Section

First Published: Dec 12 2014 | 3:54 PM IST

Next Story