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BSE Sensex posts third weekly loss

Nov 22 2013, 15:59 IST
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For BSE Sensex more bad news in offing as traders expect volatility to continue. PTI For BSE Sensex more bad news in offing as traders expect volatility to continue. PTI
SummaryFIIs head for Indian stock markets' exit door; BSE Sensex closes in red again.

BSE Sensex closed flat on Friday giving up earlier gains to mark its third consecutive week of losses, as concerns grow after data showed foreign investors have started cutting positions.

Markets Top Gainers, Markets Top Losers

Foreign institutional investors (FIIs) sold shares worth 598 million rupees ($9.5 million) on Thursday to snap a 32-day buying streak totalling 238.84 billion rupees, exchange and regulatory data show.

Traders expect volatility to continue on caution ahead expiry of the November derivative contracts next Thursday.

The benchmark BSE Sensex provisionally closed 0.18 percent higher while the broader NSE Nifty closed up 0.20 percent.

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