Sensex posts worst weekly close in three months; macro concerns weigh

The benchmark indices continued to fall for the seventh straight day. This week, the benchmark indices lost  2.02 per cent, the worst weekly close since October 26, 2018. Market participants said the macroeconomic concerns, disappointing results in the last seven sessions and lingering US-China trade tensions put pressure on the markets.

Experts said that the change of tone by US Federal Reserve at its meet on January 30 and change in stance by the RBI (with a repo rate cut) on February 7 along with Union Budget presented earlier this month had lifted the market sentiments in the first week