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Indian shares post longest weekly losing streak in six years on oil, rate worries
Indian shares posted a sixth straight weekly decline on Friday, their longest losing streak since 2020, as crude prices above $100 per barrel driven by Mideast tensions and tighter global monetary policy weighed. On the day, the Nifty 50 rose 0.33% to 23,346.40, while the Sensex shed 0.03% to 74,294.96. A drop in oil prices, bargain buying after recent losses outweighed declines in IT and Tata Group stocks as well as strong demand for domestic IPOs drained liquidity from the secondary market on Friday. The $2.3 billion NSE IPO was fully subscribed on its second day of bidding. “While markets g...
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