Indian shares suffer worst week since late November

Sensex, Nifty post weekly loss of about 3.5% each

Indian shares on Friday logged their biggest weekly drop since late November as losses in technology and financial stocks outweighed the boost from consumer goods giant Hindustan Unilever’s positive earnings.

The blue-chip NSE Nifty 50 index fell 0.79% to 17,617.15 and the S&P BSE Sensex dropped 0.72% to 59,037.18. The indices had earlier declined as much as 1.5% to their lowest since early January.

They posted a weekly loss of about 3.5% each, having fallen for four straight sessions on heavy selling from foreign investors.