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Rupee Slide, Rising Bond Yields, High Crude Prices Weigh On Sentiment
Sensex declined 2.7 per cent to 71,909.7. Nifty 50 closed at 22,421.95, a decline of 3.1 per cent against the previous Friday's closing of 23,140.5.
Indian benchmark indices extended their losing streak for an eighth consecutive week amid foreign fund outflows, rising crude oil prices and weak global cues. The Sensex fell 1,670.84 points during the week, while analysts saw scope for a short-term recovery