Sensex posts first weekly decline in four weeks as investors turn cautious

The benchmark Sensex’s four-week winning streak came on an end on Friday –despite a sharp recovery from the day’s low –as investors turned cautious amid indications that the US Federal Reserve will speed up the pace of policy reversal. The Sensex, after dropping more than 700 points, managed to end the day with a 21-point gain to finish at 52,344.45. 

The index fell 0.25 per cent during the week—its first weekly fall since May 14. 

In the preceding four weeks, the index had gained nearly 8 per cent. The gains were underpinned by an extended period of low interest rates