BENGALURU, Aug 12 (Reuters) - Indian shares extended gains
from previous trading sessions on Friday to post their fourth
weekly addition, fuelled by metal and energy stocks, while
investors awaited domestic inflation data for July.
The Consumer Price Index (CPI) data is scheduled to be
released after market close. A Reuters poll showed India's
retail inflation likely eased in July due to a fall in food and
fuel prices but stayed well above the Reserve Bank of India's
upper tolerance limit of 6% for a seventh consecutive month.
The NSE Nifty 50 index climbed 0.22% to 17,698.15,
at close, and the S&P BSE Sensex rose 0.22% to
With a gain of over 1.7% each for the truncated week due to
a market holiday on Tuesday, the benchmark indexes still logged
their fourth straight weekly gain - the longest winning streak
since January. Both the indexes climbed 6% in the past four
weeks, having risen 1.8% year-to-date, Refinitiv data showed.
Indian equities market will be closed on Monday for a
In Mumbai trading on Friday, Nifty's metal index
and energy index were the best performers among
other sub-indexes, climbing 1.64% and 1.88%, respectively.
Among top-performers on the Nifty 50, state-owned oil
producer Oil and Natural Gas Corp rose 4.8% ahead of
its quarterly earnings, while Tata Steel advanced
SoftBank Group-backed digital payments firm Paytm
closed 5% lower after local proxy advisory firm
Institutional Investor Advisory Services said it opposed the
reappointment of Vijay Shekhar Sharma as chief executive
The Indian rupee ended lower on Friday to post a
weekly loss, as a likely one-time dollar outflow dragged the
currency as against stronger Asian peers that gained from
softening U.S. inflation data.
Globally, equities headed for a fourth straight week of
gains as investors tempered views on how far U.S. interest rates
and inflation can climb.
(Reporting by Rama Venkat in Bengaluru;
Editing by Dhanya Ann Thoppil and Neha Arora)