Market registered its first weekly fall in three as the Sensex Friday ended 128 points lower and the Nifty below the 8,200-mark ahead of key global events, including the US Fed meet and Brexit outcome, and release of IIP data back home.
The spillover from a weak global market also cast its shadow.
Caution prevailed in a choppy trade ahead of the US Federal Reserve meeting next week and worries over Britain’s referendum on its European Union membership on June 23, which dented sentiment.
Both the indices have recorded their first fall in three weeks.
After opening lower, the 30-share Sensex staged a strong comeback on value-buying coupled with short-covering but closed the day lower by 127.71 points, or 0.48 per cent, at 26,635.75.
The gauge had lost 257.20 points in the previous session as investors booked profit after the recent run-up.
The wider NSE Nifty closed a shade lower than the 8,200-mark at 8,170.05, down 33.55 points, or 0.41 per cent, after shuttling between 8,162.85 and 8,265.60.