Associate Sponsors

Sensex posts biggest weekly drop since July 2009

Disappointing corporate earnings and weak global markets have hit sentiment

A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai (pic: Reuters)
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai (pic: Reuters)
Reuters
Last Updated : Feb 12 2016 | 4:36 PM IST

India's stock markets inched higher on Friday but posted their biggest weekly falls since July 2009 as disappointing corporate earnings and weak global markets hit sentiment.

The broader Nifty ended 0.07 percent higher, but closed the week down 6.78 percent.

The benchmark BSE Sensex gained 0.15 percent, but lost 6.62 percent on the week.

Both indexes posted their biggest percentage declines since July 2009.

Asian shares fell for a sixth straight session on Friday as concerns about the health of European banks further threatened a global economy already under strain from falling oil prices and slowdowns in China and other emerging markets.

 

 

More From This Section

First Published: Feb 12 2016 | 4:00 PM IST

Next Story