BENGALURU, Aug 12 Reuters 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 India39;s retail inflation likely eased in July due to a fall in food and fuel prices but stayed well above the Reserve Bank of India39;s upper tolerance limit of 6 for a seventh consecutive month.
The NSE Nifty 50 index climbed 0.22 to 17,698.15, at close, and the SP BSE Sensex rose 0.22 to 59,462.78.
With a gain of over 1.7 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. Both the indexes climbed 6 in the past four weeks, having risen 1.8 yeartodate, Refinitiv data showed.
Indian equities market will be closed on Monday for a holiday.
In Mumbai trading on Friday, Nifty39;s metal index and energy index were the best performers among other subindexes, climbing 1.64 and 1.88, respectively.
Among topperformers on the Nifty 50, stateowned oil producer Oil and Natural Gas Corp rose 4.8 ahead of its quarterly earnings, while Tata Steel advanced 3.3.
SoftBank Groupbacked digital payments firm Paytm closed 5 lower afterlocal proxy advisory firm Institutional Investor Advisory Services said it opposed the reappointment…