Sensex, Nifty post 2nd straight weekly loss
The BSE Sensex and NSE Nifty posted their second straight weekly loss, losing 1.5% in the week ended May 6. While the Sensex fell 378.12 points to close at 25,228.50, the Nifty dropped 116.35 points to settle at 7,733.45. Market sentiment remained cautious ahead of the US payrolls report for April that could influence future US rate hikes, analysts said.