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Indian shares rise, end longest weekly losing streak in 25 years
Indian shares rose on Friday and snapped their longest weekly losing streak in 25 years, although gains were modest as concerns over tighter monetary policy and elevated crude oil prices tempered investor sentiment. The Nifty 50 rose 1.3% to 22,520.45 and the BSE Sensex added 1.23% to 72,472.33, led by IT stocks after bellwether Tata Consultancy Services’ earnings underscored growing AI-related revenue contributions and robust international business growth. The Nifty 50 and Sensex ended the week 0.4% and 0.8% higher, respectively. They dropped 8.7% and 8.4%, respectively, in the last eight wee...
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