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Indian shares post weekly loss as Fed jitters, closing auction weigh

Indian shares inched higher on Friday, but posted a third straight weekly loss, their longest falling streak in five months, on concerns over a new closing-auction mechanism and caution ahead of the Federal Reserve Chair’s speech. On Friday, the Nifty 50 rose 0.35% to 24,175.65 points, while the BSE Sensex added 0.43% to 77,264.51.

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