Indian equity benchmarks snapped a four week winning streak as investors took a break from a record rally amid indications that the U.S. Fed will speed up the pace of policy reversal.
The S&P BSE Sensex fell 0.3% this week and closed little changed at 52,344.45 on Friday, while the NSE Nifty 50 Index slipped 0.1%. State Bank of India was among the biggest drags on both measures. Of 30 shares in the Sensex index, 12 rose and 18 fell. Sixteen of the 19 sector indexes compiled by BSE Ltd. tumbled, led by a gauge of power stocks.