Sensex posts weekly loss after stocks tank in final session

Indian shares ended around 2 percent lower on Friday, dragged by financials and IT heavyweights such as Infosys Ltd and ICICI Bank Ltd, with the sentiment dampened by weak global cues.

Domestic shares tracked broader Asian markets as the possibility of a U.S. government shutdown and further rate hikes by the Federal Reserve next year made investors jittery.

The benchmark BSE Sensex closed down 1.89 percent at 35,742.07 and fell 0.6 percent this week.

The broader NSE Nifty ended 1.81 percent lower at 10,754, shedding 0.48 percent in the week.

Shares of software services exporters Infosys Ltd and Tata Consultancy Services Ltd closed 3.13 percent and 2.98 percent lower, respectively while ICICI Bank ended 2.2 percent lower.