Sensex posts weekly loss amid US Federal Reserve rate hike talk

Indian shares fell for a third consecutive session on Friday to post a weekly loss, tracking weak global markets as caution prevailed about the possibility of an interest rate hike by the US Federal Reserve as early as June. 

The broader NSE Nifty closed down 0.43% at 7,749.70, after rising as much as 0.37% earlier in the session. It lost 0.4% for the week.  The benchmark BSE Sensex ended down 97 points, 0.39% at 25,301.90.

On 30-share benchmark, the top gainers were Karnataka Bank (7.14%), Edelweiss (6.40%), Pidilite (5.97%), Gati (4.56%) and Just Dial (3.88%). Among the top losers were Lupin (9.10%), Shipping Corporation of India (6.48%), Jet Airways (4.82%), Gujarat State Fertilizers & Chemicals (4.27%) and Balram Chini (4.08%).

(With Reuters inputs)