Nifty posts biggest weekly loss since July

Mumbai: The Nifty fell for a fifth session in six on Friday to post its worst weekly loss since July as oil explorers continued to slump after Brent crude prices slipped to below $63 a barrel. The broader Nifty closed down 0.8 percent. For the week it lost 3.7 percent for its worst weekly performance since mid-July.

The benchmark BSE Sensex provisionally ended 0.9 per cent lower. Shares of Gail (India) fell 4.5 per cent, while Oil and Natural Gas Corp and Reliance Industries Ltd slipped 3.28 per cent and 2.54 per cent, respectively.