Indices log worst weekly fall in five months

Investors poorer by ₹10 lakh crore during the week

- KISHOR KADAM

BENCHMARK INDICES ENDED lower for the third consecutive session on Friday, as persistent concerns over additional US tariffs on Indian exports weighed on sentiment. The Sensex slipped 270.92 points, or 0.34%, to close below the 80,000-mark at 79,809.65. The Nifty declined 74.05 points, or 0.30%, to end below 24,500 at 24,426.85.

On a weekly basis, both indices posted their worst fall in five months, with losses of up to 1.84% (since April 4). On a monthly basis, the Sensex and Nifty dropped 1.69% and 1.38%, respectively, in August, marking the second straight month of declines.