Indian equities managed to eke out gains for the week despite shedding over 1% on the final trading session.
The S&P BSE Sensex ended 1.1% lower but managed to close above the mark of 49,000 at 49,034. The NSE Nifty 50 index too fell 1.1% to end at 14,433. 42 out of the 50 Nifty constituents ended with losses.
Both the benchmarks ended with weekly gains of over 0.5%.
All sectoral indices ended with losses in today's session. The Nifty I.T. index was the top laggard, ending over 2.2% lower. The PSU Bank index too fell over 2% in today's session.
The Pharma index declined 1.6% while the Nifty Bank, Nifty Media and Nifty Metal declined between 0.8% and 1.2% respectively.
Broader markets too fell in tandem with the benchmark indices in today's session. The midcap index fell 1.1% while the Smallcap index declined by a similar quantum.
1,345 stocks on the NSE ended with losses while 547 managed to buck the trend and post gains.