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Auto Leads Indian Shares to 2nd Consecutive Weekly Rise
Hindustan Times Ranchi
|January 04, 2025
India's benchmark indexes logged a second consecutive weekly rise on Friday, led by auto stocks that gained on the back of upbeat monthly sales data.
However, financials and IT stocks dragged the blue-chip indexes lower on the day, with the Nifty 50 shedding 0.76% to 24,004.75 points and the BSE Sensex falling 0.9% to 79,223.11.
The indexes rose about 1% this week, mirroring last week's move.
The benchmarks rose about 8.5% in 2024, the least among major global peers, as a moderation in corporate earnings and an exodus of foreign funds weighed.
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