Indian Shares Log Longest Losing Streak Since 2020
Indian shares posted modest gains on Friday but recorded their seventh consecutive weekly decline, marking the longest losing streak since 2020. High crude oil prices and rising bond yields weighed heavily on investor sentiment and broader economic outlooks.
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India shares logged their longest weekly losing streak in six years on Friday, with the Nifty 50 falling 0.9% to 23,140.50 as high oil prices weighed on sentiment. The benchmark indices posted modest gains during Friday's session, but the weekly decline marked seven consecutive weeks of losses. The losses mirror pressures seen only four times in the last 25 years, driven by soaring yields and regional tensions.
