Indian Shares Log Weekly Losses on Crude Pressures
Indian shares rose on Friday but posted their fourth straight weekly loss as high crude prices and bond yields outweighed strong domestic growth data. Brent crude jumped about seven percent this week amid intensified hostilities.
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India's Nifty 50 rose 0.1% to 23,897.7 on Friday, but equities logged weekly losses of 1.2% as surging energy costs weighed on sentiment. The weekly decline marked the benchmark's fourth consecutive losing streak, its longest downturn in five months. Rising commodity prices and tighter financial conditions pressured risk assets across the broader market.
