The Sensex and Nifty ended the week on September 18 with a sixth consecutive weekly loss, even as the Nifty gained for a third straight session.
The Sensex fell 19.63 points to close at 74,294.96, while the Nifty rose 75.80 points to settle at 23,346.40.
For the week, the Sensex lost 0.65 percent and the Nifty slipped 0.22 percent.
For the Sensex, the six-week losing run is the longest since 2020.
Elevated crude oil prices, geopolitical concerns and foreign investor selling weighed on sentiment through the week.
On Friday, September 18, the 30-share Sensex fell 19.63 points, or 0.03 percent, to settle at 74,294.96.
The Nifty 50 rose 75.80 points, or 0.33 percent, to close at 23,346.40, extending its gains to a third straight session.
For the week, the Sensex lost 0.65 percent, while the Nifty slipped 0.22 percent.
Both benchmarks extended their weekly losing streak to six weeks, which for the Sensex is the longest such run since 2020.
Crude oil remained a key factor, with Brent crude trading above the 100 dollar a barrel mark and easing to about 103 dollars on Friday.
Geopolitical concerns in West Asia continued to weigh on sentiment through the week.
Foreign institutional investor selling and elevated US bond yields were also cited among the pressures on the market.
A large NSE IPO worth about Rs 22,569 crore drew capital away from the secondary market during the week and constrained liquidity.
Technology stocks were among the laggards, and Tata Group shares including TCS and Titan fell sharply, with some of the declines running up to about 4 percent.
Banking, energy and life insurance stocks, including HDFC Life and SBI Life, were among the gainers.
The divergence between a falling Sensex and a rising Nifty on Friday reflected differences in the two indices’ constituents and bargain buying in some Nifty stocks.
Bombay Stock Exchange building, Mumbai (representative image), Wikimedia Commons, CC BY 2.0
