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Markets end flat, but post first weekly gain in five

The BSE Sensex ended 0.05 per cent lower on Friday

Reuters: India's stock markets closed nearly flat on Friday, with capital goods shares such as Larsen & Toubro ending lower ahead of July industrial output data due later in the day.

India's economy grew a historically modest 7 per cent last quarter but industrial output has generally been strong. It is expected to have increased 3.5 per cent in July from a year ago, according to a Reuters poll.

The BSE Sensex ended 0.05 per cent lower on Friday while the Nifty gained 0.02 per cent.

For the week, the BSE Sensex has gained 1.62 per cent, while the Nifty gained 1.75 per cent, recording their first weekly gain in five weeks.

( Source : reuters )
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