Key benchmark indices edged higher on Friday, gaining for a fourth consecutive session, after Tata Consultancy Services' better-than-expected earnings sparked a rally in IT stocks and offset global concerns about thedowning of a Malaysian airliner in Ukraine. The Nifty rose 2.7 percent for the week, recovering some of its 3.8 percent fall last week when investors reacted with disappointment over the lack of major reforms in general budget on July 10. The Bank Nifty gained 6.5 percent this week, the best weekly gain in nine, after falling 7.1 percent in the previous week.
The market breadth, indicating the overall health of the market was positive, but in Nifty50 stocks the advances to declines stands at 23 advances to 27 declines.
The market breadth, indicating the overall health of the market was positive, but in Nifty50 stocks the advances to declines stands at 23 advances to 27 declines.
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