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Indices post biggest weekly decline since June; Sensex falls 2.5%

A sell-off in Chinese technology stocks amid profit hits and price wars took its toll on Asian equities

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On Friday foreign portfolio investors were net sellers to the tune of Rs 1,470 crore and domestic investors bought shares worth Rs 1,401 crore, according to provisional data from the exchanges

Sundar Sethuraman Mumbai
Indian equity benchmarks posted the biggest weekly decline since June 2022 as investors navigated concerns about hawkish central banks, resurgent geopolitical tensions, and volatility on account of the continuing decline in Adani Group stocks.

The Sensex ended the week with a decline of 2.5 per cent and the Nifty50 with a decline of 2.7 per cent. On Friday the 30-shre index ended the session at 59,464 a loss of 142 points or 0.2 per cent. The 50-share Nifty, on the other hand, ended the session at 17,466, a loss of 45 points or 0.3 per cent. The decline in HDFC and

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First Published: Feb 24 2023 | 8:01 PM IST

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