Nifty logs worst weekly decline in two months

Investors suffer wealth erosion of ₹4.54 lakh crore during the week

- KISHOR KADAM

Anxious investors took risk off the table on Friday, leaving the stock markets in the red for the third consecutive session. While the immediate trigger was the disappointing Q1 performance from IT major TCS, the Street remains concerned about macroeconomic issues including India's trade deal with the US and the impact of high tariffs.

Both benchmark indices yielded ground on Friday, extending their losses for the third straight session. The Sensex declined 689.81 points or 0.83% to close at 82,500.47, while the Nifty fell 205.40 points or 0.81% to end at 25,149.85.