The broader NSE Nifty 50 index .NSEI closed down 2.06% at 8,083.80 and the benchmark S&P BSE Sensex .BSESN was 2.39% lower at 27,590.95.

The NSE and the BSE indexes declined by 6.7% and 7.5% in the week, their seventh straight weekly decline. (File photo: Reuters)

Indian shares ended lower on Friday as coronavirus cases crossed 2,000 in Asia’s third-largest economy, while oil prices advanced on hopes of a global supply cut.

The broader NSE Nifty 50 index .NSEI closed down 2.06 per cent at 8,083.80 and the benchmark S&P BSE Sensex .BSESN was 2.39 per cent lower at 27,590.95.

The NSE and the BSE indexes declined by 6.7 per cent and 7.5 per cent in the week, their seventh straight weekly decline.

Active coronavirus cases in India crossed 2,000 as of Friday morning, government data showed, while 58 were reported to have died. Globally, the cases have crossed over 1 million.

Meanwhile, oil prices extended the previous session’s gains after US President Donald Trump said on Thursday he had brokered a deal which could see Russia and Saudi Arabia cutting output by 10 to 15 million barrels per day (bpd).

India is the world’s third-biggest oil consumer after the United States and China and imports most of the fuel for its use.

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