Nifty, Sensex snap six-week losing streak on pharma, IT boost

The NSE Nifty 50 index rose 1% for the week, recouping last week’s losses, while the S&P BSE Sensex also gained 1%. The Nifty Bank index advanced 0.6%. All sectoral indices except fast-moving consumer goods (FMCG) posted weekly gains, with pharma leading the pack. Nearly 40 Nifty constituents closed higher for the week, led by Apollo Hospitals, Eternal Heart Care, and Cipla.

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