Benchmark indices SENSEX and NIFTY continued their slide for the third straight week despite a breather on Friday. NIFTY gained 0.4 percent to settle at 24,854 and SENSEX rose by 0.2 percent to end the week at 81,224 levels. SENSEX dropped 152 points on a weekly basis, while NIFTY lost 110 points largely due to losses in three of five trading sessions.

Stock markets dropped to two-month lows mid-week following heavy selling by foreign institutional investors (FIIs) triggered by rising US bond yields and a flare-up in tensions in the Middle East region. Continuing FII outflows from Indian markets also dampened the sentiment on the D-Street this week.

On the sectoral front, the Nifty Auto index slipped nearly 5 percent, the Nifty Metal index fell nearly 2 percent, and the and the Nifty Media, FMCG, and Oil & Gas index shed 1.5 percent each. On the other hand, the Nifty Bank index was up nearly 2 percent, the Nifty PSU Bank index added 1 percent, and the Nifty Realty index gained 0.6 percent.