Sensex, Nifty down for 3rd straight session; Bank Nifty down 205 pts

After swinging between marginal gains and losses through the session, domestic share indices today ended the holiday-shortened week with modest losses, weighed down by persistent weakness across global markets.

The Nifty50 ended 34.50 points, or 0.3%, lower at 10458.35 points, while the Sensex closed down 99.36 points, or 0.4%, at 34046.94 points.

Indian equity markets will be closed on Friday on account of Holi.

Most global markets have turned weak following recent comments by US Federal Reserve Chair Powell, which indicated a faster pace of interest rate hikes in the US due to strong economic growth.

While losses in domestic indices were limited by higher than expected GDP growth of 7.2% for the December quarter, the indices ended lower for the third consecutive session. For the week, both the Nifty 50 and the Sensex slipped 0.3% each.

Media, metal and banking stocks were the weakest today, while all sectoral indices ended 0.1-1.9% lower. The Nifty PSU Bank index, down 1.9%, was the worst hit sectoral index.

Shares of Mahindra & Mahindra and Eicher Motors ended with near 1% gains after these companies reported double-digit on-year growth in sales volume in February.

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