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Infosys contributed the most to the index decline, while Hero MotoCorp had the largest percentage drop, falling by 2.1 per cent. Nifty IT index ended down 1.47 per cent at 30,604 on Friday.
Indian equity benchmarks declined for a fourth straight week amid weak domestic macroeconomic data.
New Delhi, Aug 18 (IANS) Nifty posted its fourth straight weekly loss on Friday, as it fell for the second consecutive day, dropping 55.10 points, or 0.28 per cent, to settle at 19,310.
Robust growth bolstered by private capex over the next few years could push the profit cycle to historical peak and beyond, but near-term may remain volatile
From the Sensex pack, Tata Motors opened over 3% higher after the firm reported a higher-than-expected consolidated net profit of Rs 3,203 crore in Q1 FY24. Meanwhile, L&T, Power Grid, Infosys, Wipro, JSW Steel, and HUL also opened with gains.