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Sensex posts third straight weekly gain despite 660-point drop on Friday

Gains in RIL propelled market during the week

BSE, stock market, Sensex
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Photo: Bloomberg

BS Reporter Mumbai
The benchmark Sensex fell over 660 points from the day’s high on Friday, but managed to eke out its third straight weekly gain.

Weak US employment data and sustained gains in index heavyweight Reliance Industries (RIL) lifted benchmark indices by more than a per cent on Friday. However, a sell-off during the last hour of trade saw the indices give up all the gains and ended the session marginally lower from the previous day's close.

The Sensex closed at 55,769, with a decline of 49 points or 0.09 per cent. The Nifty, on the other hand, ended the session at