Indian Shares Post Third Consecutive Weekly Loss
Indian shares posted a third straight weekly loss amid concerns over a new closing auction mechanism and caution ahead of the Federal Reserve Chair speech. The Nifty 50 and BSE Sensex gained slightly on Friday but ended the week lower.
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India shares notched a modest rebound on Friday, yet recorded a third consecutive weekly loss amid heightened caution over new closing auctions and upcoming Federal Reserve remarks. The Nifty 50 rose 0.35% to 24,175.65 points, while the BSE Sensex added 0.43% to 77,264.51. This downward weekly trajectory marks the longest falling streak for the domestic market in five months.
