Sensex posts biggest weekly fall in 1-1/2 years; SBI drags
Indian shares fell for a fifth session and ended their worst week in one-and-a-half years after State Bank of India sank following weak June-quarter results, further weakening sentiment in a market reeling under North Korea tensions.
Weakening global risk appetite has sparked a wide round of profit-taking after shares scaled record highs last week.
The benchmark BSE Sensex closed down 1.01 percent at 31,213.59, its lowest close in over a month.
The broader NSE Nifty ended 1.11 percent lower at 9,710.80.
Both indexes ended nearly 3.5 percent lower for the week, snapping a five-week winning streak, marking their worst week since mid-February 2016.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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