Indian shares snap long weekly losing streak
Indian shares advanced on Friday, snapping their longest weekly losing streak in 25 years. Gains were driven by IT stocks following strong quarterly results from Tata Consultancy Services. However, rising crude oil prices and monetary policy concerns tempered investor sentiment.
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India shares rose on Friday, snapping an eight-week losing streak that marked the longest weekly decline in 25 years. The Nifty 50 rose 1.3% to 22,520.45 and the BSE Sensex added 1.23% to 72,472.33, driven by technology earnings.
