Pulse of the Street: Oil spike knocks markets to sharpest weekly fall since mid-May

Benchmark Nifty 50 and the Sensex fell 0.4% each on Friday to close at 23,767.45 and 76,059.75, respectively. For the week, the Nifty lost 2.3% while Sensex declined 2.6%, their steepest fall since the week ended 15 May, when the benchmarks had shed 2.7%.