BENGALURU: Indian shares closed lower on Friday, with the benchmark Sensex logging its worst week in over 15 months on lingering worries over a higher global interest rate environment following the US Federal Reserve’s hawkish tone.
The main Nifty 50 index closed down 0.34% at 19,674.25 points, while the S&P BSE Sensex fell 0.33% to 66,009.15 points. Both the indexes hit their all-time highs last week.
The Sensex recorded its worst since June 2022, with a 2.7% fall. Meanwhile, the Nifty 50 index posted its worst week since February.
“We are seeing some consolidation in the market after the benchmark indexes surged to all-time highs and global markets are weaker,” said Ajit Mishra, senior vice president for research at Religare Broking.
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