Indian equity benchmarks closed lower on Friday to log their first weekly drop in five weeks amid fears that the U.S. Federal Reserve will continue its policy of aggressive rate hikes.

Dear Trader… Bears were holding a tight grip over the Dalal Street in today session, with both Sensex and Nifty close near their intraday low points, impacted by negative cues from other Asian markets. Domestic sentiments remained downbeat, amid a private report stating that taking binding commitments on new issues