Despite opening on a positive note on Friday both Sensex and Nifty ended recording the worst performing week in seven months on May 10th. The markets ended lower for the third consecutive week.

The S&P BSE Sensex closed at 3.9 percent lower this week and ended at 37,462.99 and NSE Nifty 50 closed at 3.7 percent lower and ended a 11,278.90.

In the first half the markets were said to be in favor of buyers where at least 795 stocks advanced and 532 decreased on the National Stock Exchange.

The indices apparently had shown a downward trend for the eighth consecutive trading session. However Reliance industries, ICICI Bank, TCS,  HDFC and SBI helped the higher opening  on BSE.

The markets were trading flat on account of volatile markets as the investors are keenly observing the US-China trade wars and its spillover effects on the economies of the developing countries.

Rupee opened lower against the US dollar on Friday and depreciated further to 0.15 percent to mark 70.05 against the Dollar.


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