The market snapped the eight week gaining streak after Friday’s correction erased the weekly gains, following world equity markets trend amid weak economic data. However, during the week, the benchmarks recorded a fresh all-time high after the Fed Chair indicated possible rate cut at the September meeting due to easing inflationary pressures.

This week, BSE Sensex fell 350 points or 0.43 percent while the Nifty50 index lost 117 points or 0.47 percent. On August first, the Nifty50 index touched a fresh record high of 25,078 while the BSE Sensex hit a new high of 82,129.

BSE Mid-cap Index ended flat, the BSE Small-cap index rose 0.6 percent and the BSE Large-cap Index fell 0.27 percent.

In terms of the market value, Tata Consultancy Services lost the most, followed by Infosys, Mahindra & Mahindra and ITC.

On the other hand, HDFC Bank, NTPC and Asian Paints added the most of their market-cap.

Among sectors, Nifty IT and Realty are down three percent each, Nifty Auto index shed 2 percent, Nifty FMCG index fell 1.6 percent and the Nifty PSU Bank and Metal indices are down 1 percent each.

However, Nifty Energy index added 2.5 percent, Nifty Pharma and Media rose 1 percent each.