India shares post fourth straight weekly gain

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 per cent for a seventh consecutive month. The NSE Nifty 50 index climbed 0.22 per cent to 17,698.15, at close, and the S&P BSE Sensex rose 0.22 per cent to 59,462.78. With a gain of over 1.7 per cent 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.

— Reuters