India shares seesawed between losses and gains on Thursday, following a more than 1,000-point rally in the last six sessions, as gains in IT and metals shares were offset by losses in financials.
The NSE Nifty 50 bluechip index was up 0.1% at 10,070 as of 10:33am, while the S&P BSE Sensex was up 0.05% at 34,124.
The Nifty 50 has risen 5.2% so far this week, after a similar rally last week.
The Nifty banking index was mostly flat after gaining 8.4% this week, following an 11.7% surge last week.
The Nifty IT index rose 1%, while the metals index gained 0.9%. Vedanta Ltd was the top gainer in the Nifty 50 index, rising 4.60%.
Among individual stocks, Housing Development Finance Corp Ltd and Kotak Mahindra Bank Ltd were top drags on the Nifty 50 index, falling 1.8% and 2.3%, respectively.
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Indian shares closed lower on Friday as record daily increases of domestic coronavirus cases threatened to disrupt an economic recovery, with financial stocks taking the brunt of the losses.
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The Indian rupee logged its worst week against the dollar in 14 weeks
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Sterling traded slightly lower versus the U.S. dollar and was unmoved against the euro on Friday
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Indian shares fell on Friday as a relentless surge in domestic coronavirus cases threatened to disrupt an economic recovery, although gains in pharmaceuticals and heavyweight Reliance Industries helped limit losses.
10 Jul 2020 11:15 AM
The yuan pulled back from a four-month high against the dollar on Friday as China's stock market rally ran out of steam
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Gold was set for a fifth straight weekly gain on Friday as worries over a spike in U.S. coronavirus cases kept the safe-haven metal near the technical $1,800-per-ounce threshold.