Bull run turns into a bear chase: Market drops second straight day

Benchmark indices fell for the second day on Friday, but ended the week with 2.5-per cent gain. Global investor sentiment was hit by hawkish comments by the European Central Bank (ECB), disappointing earnings from US technology giants, and simmering crisis at Ukraine border.

The Sensex fell 143 points, or 0.24 per cent, to end at 58,645. The index gained 1,444 points, or 2.5 per cent, during the week after the capital expenditure push announced in the Union Budget 2022-23 drove optimism of revival in economic growth and corporate earnings. The Nifty50 Index fell 44 points, or 0.25 per cent, to finish