The BSE Sensex posted its second weekly fall as investors turned cautious ahead of a U.S. payrolls report for April that could influence bets on future U.S. rate hikes.

 

The benchmark index closed 0.13 percent lower on Friday at 25,228.5, recording a 1.5 percent drop this week. It lost 0.9 percent last week.

 

The broader NSE Nifty closed down 2.05 points at 7,733.45. The index is down 1.4 percent for the week, after falling 0.6 percent last week.

 

In the 50-share index, GAIL, BHEL, Eicher Motors, Tata Power and ACC gained between 2.80 per cent and 4.89 per cent. On the other hand, Dr Reddy’s Labs, Adani Ports, Wipro, HCL Tech and Tech Mahindra slid 1.44 per cent and 2.32 per cent.