Home Business Indian equity benchmarks retreated from record highs on Friday but posted their...

Indian equity benchmarks retreated from record highs on Friday but posted their fourth straight week of gains as a series of government support schemes boosted sentiment across sectors.

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Dear Trader… In a volatile session, Indian equity benchmarks erased all of their day’s gains after lifetime highs and ended marginally lower on Friday amid profit booking. Markets made a strong opening, as sentiment got a boost with Union Finance Minister Nirmala Sitharaman’s statement that the National Asset Reconstruction Company (NARCL) would be operational soon, and it had to ensure resolving bad loans within five years, beyond which the guarantee

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