Indices snap two-day rally on weak cues

IN LINE WITH other Asian equity markets, the domestic benchmark indices fell on Friday, snapping a two-day winning streak, as better-than-expected US non-farm payroll data dampened expectations of a December rate cut.

- KISHOR KADAM

Depreciation of the rupee against the dollar also weighed on investor sentiment, with the dollar—rupee pair breaching the 89 mark for the first time.

After a volatile session, both the Sensex and Nifty declined 0.47% to close at 85,231.92 (-400.76 points) and 26,068.15 (124 points).

However, the indices managed to deliver positive returns for the second consecutive week.