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Indian stocks slip as oil, inflation cap weekly rally
Indian share benchmarks declined on Friday, trimming weekly gains, as elevated crude prices and inflationary pressures weighed on sentiment, countering the support from sustained foreign institutional inflows. It was a turbulent week for global markets as AI bellwether Nvidia plunged following revelations of Jensen Huang’s extramarital affairs and his subsequent exit from the company, while investors also came to terms with changing US political equations. While Indian stocks gained from market reactions to US midterm election results earlier in the week, headwinds from the Middle East war thr...
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