Indian IT stocks helped the benchmark indexes close higher on Friday, but not by enough to avoid a weekly loss after a three-session losing streak sparked by HDFC Bank’s disappointing results earlier in the week.

Dear Trader… Markets witnessed some respite after 3 days of decline and gained over half a percent. Firm global cues triggered a gap-up start in Nifty, followed by range bound movement till the end.  Meanwhile, a mixed trend on the sectoral front kept traders occupied wherein FMCG, metal and energy